AKK 0.00% 0.3¢ austin exploration limited

Ann: Quarterly Cashflow Report-AKK.AX, page-11

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  1. 19,194 Posts.
    lightbulb Created with Sketch. 598
    Who would know here.
    If they had hunkered down and played lean during $100 oil, who knows, they might have actually turned a profit, but with WTI at $41 again and Rocky discount $9? - they haven't a chance imo.

    $60 maybe and running super lean.
    All too late for being frugal now.

    After spending all that money and time optimising in Kentucky getting up to 40boepd, what was the point selling that in this environment after the year long + comments about "profitable in low oil environment" property.
 
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