AKK 0.00% 0.3¢ austin exploration limited

Crude WTI is 44 dollars - Subtract 9 dollar discount 35 Subtract...

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    Crude WTI is 44 dollars -
    Subtract 9 dollar discount
    35
    Subtract royalties
    Subtract significant opex once trucking is included
    Subtract capex to drill and flow test wells

    It really doesn't matter even if they flow reasonably - there isn't enough fat to pay for further drilling and corporate costs
    That's the problem with shale wells that have massive decline rates, you really need a very high oil price and very good margins to continue to fund the high amounts of drilling required. This is why if you look at the many shale companies , even when oil was 100 , few managed to grow cash flow , SSN , MAD , SEA , RFE so many examples
 
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