AKK 0.00% 0.3¢ austin exploration limited

Cmon, what is immediately evident from the table is that a...

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    Cmon, what is immediately evident from the table is that a significant number of those wells have produced less than 400 bo for the year, which is an average of less than 36 bo per month or just over 1 bo per day. Those might be averages but in reality stripper wells like these don't work and aren't operated that way. The reality with those wells will be the numbers are so low because they have very high shut-in rates, so will be sitting idle while waiting for work crews to do maintenance or workovers - all of which costs money.

    Some people seem to think that whatever these wells produce is money for jam, but the reality is that the opex/maintenance cost per bo produced increases significantly as the production rates reach these low levels.

    Cheers, Sharks
 
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