Adjacent to the Pathfinder project is the West of the Florence oil field that has produced more than 15 million barrels from the Pierre formation. These results are based on estimates from AKK and a potential oil price. There is no guarantee the oil price will improve to the estimates laid out in the chart and are a best case scenario. If you are considering this company for your investment portfolio, seek professional financial advice.
The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice if any is to those objectives, financial situation and needs, before acting on the advice. S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article.
Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
It is worth noting Austin also has interests in producing oil and gas wells in Colorado, Kentucky and Texas. The company finished debt free, as well as expanding its flagship property in Colorado and achieving first production success with its Colorado drilling campaign. However, AKK is a speculative stock and therefore investors should take a cautious approach to their investment decision and seek professional financial advice.
The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice if any is to those objectives, financial situation and needs, before acting on the advice. S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article.
Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. It is currently installing a gas compression unit so the gas can be transported to sales. This is a short term solution and in the longer term, maximum profitability of the Pathfinder project will be achieved by laying gas lines and connecting in to the nearest major pipeline about 5 miles away.
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