AKK 0.00% 0.3¢ austin exploration limited

I think the point that is missed is the presence of oil is not...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 15,774 Posts.
    lightbulb Created with Sketch. 268

    I think the point that is missed is the presence of oil is not up for debate , the inability to extract commercially is . I think I mentioned it before , lithium is every, you will find it if you drill at your local cemetery . Doesn't make your great grand fathers plot an asset worth listing on the ASX though .
    In the cooper basin , there is high pressure gas everywhere , it's a massive multi TCF resource - the domestic gas price is flying , so does that mean CB gas is valuable and commercial - no it does not - the cost to extract is too high .

    SL - the currency adjustment is a very strange one , as it's not Simply an accounting thing - it has directly impact cash flow . Did their asset sales have a currency variable . The Magnitute makes no sense

    What also makes no share is the production numbers 11 BOE ( equivalent which means some could be flared gas ( a 37-75% net revenue interest ) at a cost of 29k for the quarter - explain that one of you can
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.