AKK 0.00% 0.3¢ austin exploration limited

Ann: Weatherford Analysis confirms Pathfinder Oil Potential, page-35

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  1. 8,420 Posts.
    lightbulb Created with Sketch. 59
    I suspect the uptake in the last CR was low because shareholders are sick of getting milked. How much over the years have they pumped into this company - that money will never be returned.

    Gassed I don't think its kosher for you to pontificate about shareholders supporting the company when you have stated very clearly you are not doing so (in fact you're not even a shareholder, you only hold options to buy shares...).

    And management can hint all they like, but those reserves are grossly insufficient to obtain borrowing base debt funding to fund the drilling. There just isn't enough P1 reserves there to provide the asset base required.

    Cheers, Sharks.
 
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