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I managed to get hold of the latest Hartley research report on AKK.
Given the recent BPT T/O of ADE, this would no doubt have a positive input on the value of
PEL105, of which they have given a look through value

From the Hartley report:

"Austin has a 50% working interest in the PEL 105 block, located in the Cooper Basin. The other 50% is held by Adelaide Energy Ltd, which is the subject of a $94m on market, cash bid by Beach Energy Ltd. We have assumed that the majority of the bid value can be ascribed to the Cooper Basin assets, including PEL 105, for their non-conventional potential. This implies look through value net to AKK for PEL 105 of $10m-$15m. The Joint Venture is scheduled to spud the Pirie-1 oil appraisal well, which we now assume will be operated by BPT."

Also

It looks like AKK will have a seperate listing in the US, I would think this would more than like be a done deal to coincide with their AGM. Good to see that there is a good possibility of some institutional holders on the books.

Drilling on the EFS finally away, they should be out with reports in the next few days.

<blockquote data-quote="jetblack" data-source="post: 670294" data-attributes="member: 16651">I managed to get hold of the latest Hartley research report on AKK.Given the recent BPT T/O of ADE, this would no doubt have a positive input on the value of PEL105, of which they have given a look through valueFrom the Hartley report:&quot;Austin has a 50% working interest in the PEL 105 block, located in the Cooper Basin. The other 50% is held by Adelaide Energy Ltd, which is the subject of a $94m on market, cash bid by Beach Energy Ltd. We have assumed that the majority of the bid value can be ascribed to the Cooper Basin assets, including PEL 105, for their non-conventional potential. This implies look through value net to AKK for PEL 105 of $10m-$15m. The Joint Venture is scheduled to spud the Pirie-1 oil appraisal well, which we now assume will be operated by BPT.&quot;Also It looks like AKK will have a seperate listing in the US, I would think this would more than like be a done deal to coincide with their AGM.&nbsp; Good to see that there is a good possibility of some institutional holders on the books.Drilling on the EFS finally away, they should be out with reports in the next few days.<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" /></blockquote>

[QUOTE="jetblack, post: 670294, member: 16651"] I managed to get hold of the latest Hartley research report on AKK. Given the recent BPT T/O of ADE, this would no doubt have a positive input on the value of PEL105, of which they have given a look through value From the Hartley report: "Austin has a 50% working interest in the PEL 105 block, located in the Cooper Basin. The other 50% is held by Adelaide Energy Ltd, which is the subject of a $94m on market, cash bid by Beach Energy Ltd. We have assumed that the majority of the bid value can be ascribed to the Cooper Basin assets, including PEL 105, for their non-conventional potential. This implies look through value net to AKK for PEL 105 of $10m-$15m. The Joint Venture is scheduled to spud the Pirie-1 oil appraisal well, which we now assume will be operated by BPT." Also It looks like AKK will have a seperate listing in the US, I would think this would more than like be a done deal to coincide with their AGM. Good to see that there is a good possibility of some institutional holders on the books. Drilling on the EFS finally away, they should be out with reports in the next few days. :):):) [/QUOTE]

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