Oil Flowing as Tiny
KK Plots Path to $400M Revenue
With oil prices steadily creeping north,
ustin Exploration (ASX:AKK) has outlined a pathway to $400M revenue over 10 years, via its Pathfinder acreage, onshore USA.
KK has managed to secure virgin acreage in the world’s second oldest oil basin, right next door to an onshore project that has delivered 15.5 million barrels of oil in the past.
It’s currently in the midst of a funded three well drilling campaign, with its first well already brining up oil.
KK is currently capped at less than $7 million, and had over $2 million in the bank at the end of the last quarter.
With further drill results imminent, its time we took another closer look at this micro cap oiler:
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In the near term,
KK is targeting revenues upwards of $10 million by the end of 2017, and its set out a plan to achieve this by drilling 10 wells, flowing at 1000 barrels per day, assuming an oil price of $45/barrel.
Beyond this,
KK’s ground is ripe for further expansion, and could see 350 production wells drilled across its acreage.
The information in this email should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
ssuming success over the coming weeks and months on its drill campaign, tiny
KK could be at the start of unlocking significant cash flow...
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s 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.
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