RE:RE:RE:RE:SO....WINTERGiven your obvious illiteracy it's not a surprise you're math-challenged as well.
Every additional well adds new accretive
revenue to the ones already delivering their
steady stream. Ak-2 is already near it's payback point. Every new well with it's added revenue means less and less need for future financings
unless they're for some opportunity Art and the
BoD feel is too good to pass up and which
will be quickly accretive to earnings.
STOP YOUR FILTHY LYING! TheLandedEagles wrote: No Lying here!!!!! JUST THE FACTS...Yes, even if they get those new block, which I suspect they will..maybe this year or next...Those will be much deeper,...much more expensive, requiring $20mm per hole, more or less. They wont start drilling for another 3-4 years from now. If they hit, they will require and do more drilling and holes, again, they will need more and more financing...to a tune of at least another $100mm or so, if they discover anything...and then more money for pipelines to their processing facility...Again, you are looking at a total of 5-6 years before production and revenues styart flowing in...These are the facts....Not lying....so you and others, please stop with your PUMPING...Im frankly sick of it....as you are of me...telling all the facts for consideration>>>>thats all...THE TRUTH..Im convinced that another financing is coming ...At $14, per mcf is not enough to cover their entire drilling program, in my opinion...CEO has under estimated the cost per drill hole and is or will be running out of cash shortly...FACTS,...JUST AS I SEE IT....Investors should be aware of these facts...JMO....