Brick wall LOL vs Fresh Meat
Again, you fail to understand shale economics.
"you downrampers also state that AKK requires $60 a barrel to break even"
NO, I/we said AKK required min $60 to make money, NOT break even.
You talked about us providing a PE ratio.
Do you understand you need "earnings" to do so. Not "break evens" on gross revenues
Further more, Guy and team have made many many claims over the years and they have never turned a dime. Do you think you'll get the whole picture from an insider?
1. 500 squared
2. cash flow positive
3. "World Class" properties (that couldn't survive even $50 oil)
These are not opinions, they are facts in ASX releases.
In fact, again. around $60m has been burnt up in smoke for them to be left with one last property and a Cap of $6m. it is not a sustainable business. Always required capital and massive dilution.
MCap now less than the cost of a single Texas EFS horizontal well.
questions for you...
Did you ask Guy what the trucking costs are (NO PIPE) or the Rocky region discount to WTI?
Finally, no .009c min in "couple days"
no reaction to todays news?
Was it us damn EOD manipulators again?
Ann: Investor Presentation - Pathfinder - An Iconic Oil Opportuni-AKK.AX, page-18
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