AKK 0.00% 0.3¢ austin exploration limited

Good work mate - I think you will find that there will be many...

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  1. 1,528 Posts.
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    Good work mate - I think you will find that there will be many more good entry/ exit points to come with AKK.

    1) OPEC meeting in 6 days that could fundementally change the price of oil
    2) Third drilling result due in 2 and a half weeks
    3) First flow test in 6 weeks
    4) Subsequent flow test results every three weeks after that

    This is where I think we will see some dramatic positive price movements of AKK.

    Consider this: If OPEC better secures the price of oil and if AKK achieves strong flow test results - as AKK currently have a heap of cheap drilling gear - they may just keep drilling a further three wells.

    If this scenario occurs I do not care how many CR's AKK asks for!
 
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