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0.3¢ austin exploration limited

Ann: Marco Polo 1 Well Deviated Drilling Operations completed-AKK.AX, page-22

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sydneysider

3,378 Posts.

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07/09/16

05:38

Post #: 18978447
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Originally posted by bruutz82 ↑

I find it sad that a few people on HC are hell bent in their attempt to drag AKK down to zero just to prove their own skewed beliefs about AKK.

Unfortunately for them AKK is not going to hit 0 - rather, AKK will gain strength in among a wider recovery in the macro oil industry.

And despite those same down rampers attempts to kill every AKK thread - the positive threads will keep coming (so you may as well give up.)

As AKK goes higher the down rampers will kick and scream in the fashion of a childish tantrum unwilling to allow any other person to successfully profit from AKK because unfortunately for the down rampers - they did not make money from AKK themselves.

These down rampers will use the guise that they are on AKK only to 'help' and 'warn' other potential investors about AKK and they are acting in 'your best interest' - this is false! Such down rampers are acting in the fashion of 'disguised altruism' - pretending to act like Mother Theresa whilst their true colors in fact represent 'individual egoism.'

If you lost money on AKK - move on and build a bridge and stop acting like some unwanted street preacher who thinks they know better than everyone else - as you don't!

If I had of listened to the down rampers I would not have bought at 0.006c four weeks ago and I would not have already been up by 16.5%.

I ask that we stop engaging with those who continually troll AKK - as they are doing this in attempt to redact and close whole threads at a time.

AKK has some good things going for it right now:

1) A stabilising macro oil price.
2) Possibility of a reduction in OPEC + Russia oil production rates.
3) AKK is now a low cost oil producer with break even ability circa $45.
4) Two of three wells drilled with final well drill news due in two to three weeks.
5) Impending flow testing news announcements.
6) Strengthening technical's and liquidity within AKK's SP.

If you really think that AKK's SP is going to fall or wallow with the above factors you need to seriously get your blinkers off.

Some down rampers on HC AKK will continue to preach the world is nigh and that there is an impending apocalypse for AKK - but there is not. And as AKK's SP starts to move from 0.007 to 0.008 (and above) representing a 36+% increase such preachers will begin to fall by the wayside.

Considering AKK has recently moved up from 0.006 to 0.007 representing a 16.5% increase on investment I believe a couple of downrampers on AKK owe those they dissuaded from investing in AKK an apology.

Expand

AKK reports typical wells in the area host 50-75,000 bbl recoverable. Magellan #1 (first well) hit a 790 foot oil column that is located above the target zone located above a shale seal at a depth of 4,000 feet. Guesstimates on the cubic volume of this hit are probably multiples of "typical wells" in the area AND this is before the well is deviated at basement, and perforated for flow testing.

Marco Polo #1 has been completed with oil shows in the pipe and Columbus #1 will be deviated shortly. Not a bad result(so far) for a first pass drilling program on virgin ground. Good luck to all longs, decent results will provide plenty of upside from $0.007.

AKK Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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