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AKK - Austin Exploration Limited

Chart Forum » Stocks - ASX: long term & fundamental » AKK - Austin Exploration Limited

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hibikijoji
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Username: hibikijoji

Post Number: 394
Registered: 08-2005

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Monday, February 25, 2008 - 03:25 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Third well starts;the effect - +100% :



From announcement "GAS AND OIL DISCOVERED IN NEW ONSHORE U.S. GAS FIELD"

"Austin’s Park City drill schedule envisages that up to 44 producing wells will be completed by the end of calendar 2008 with the opportunity to drill more than 200 wells in total on the field by the end of 2011."

A short cover by The Age:
http://business.theage.com.au/market-hits-turbulence-but-some-strike-it-rich/20080222-1u11.html


Disclaimer :
The views expressed here are for experimental practices only. They have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.

Please consult your broker or financial adviser before making an investment decision.


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hibikijoji
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Post Number: 397
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Monday, February 25, 2008 - 03:45 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Their ratio for Cash-to-debt isnt that flash.

Cash assets @ 7,803,000
Accounts Payable @ 5,884,000

That means they have ~2 million to dedicate to developing wells.

They hold no long term debts.







Disclaimer :
The views expressed here are for experimental practices only. They have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.

Please consult your broker or financial adviser before making an investment decision.


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hibikijoji
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Username: hibikijoji

Post Number: 398
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Wednesday, February 27, 2008 - 11:50 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Off the 50% fibonacci rebound on queue:




Disclaimer :
The views expressed here are for experimental practices only. They have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information.

Please consult your broker or financial adviser before making an investment decision.

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