AKK 0.00% 0.3¢ austin exploration limited

Well That I guess makes a market . Different views of the same...

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  1. 15,774 Posts.
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    Well
    That I guess makes a market . Different views of the same info
    This is what I see in this report
    1. After 10s of millions of expenditure they are producing 11 BoE a day , and what's worse is this cost them 29k last quarter and 13 k for the next quarter to produce this so they are losing money per barrel
    2 . A shift in language about the other two wells without anything much to say . At this stage on well one we had a trading halt and the 790ft column news .
    3 corporate costs at nearly 2m per annum . That would mean they would need to generate 200k production per annum at 10 margin just to cover corporate costs

    If holders can tell me how the see AKK making money I would love to here it . To be clear they would need to average 600 per day average day over a year just to keep the lights on.

    Expect another 2 CRs this year - to cover admin ofcourse
 
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