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AXP - AXP Energy

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NICE!

Good news AKK released today that PEL73 is being drilling in 2009! More homework done and with far more confidence, the 'go-ahead' has been announced. This is the Wildcat that caused a ton of interest when AKK first attacked the site (from memory).

I believe this is the sort of news that will help AKK's price from floundering where it's been for months. But that's just my opinion.

It'd be nice to see that site developed on home soil.

Good luck to all that are still holding.
( ASX 24 July 08 Announcement )

T
 


Hi folks,

AKK ... will be alert for some positive news, early next week,
as a couple of positive cycles come out to play ...

have a great day

paul



=====
 
I've blown the cob webs off this thread. The company has released some encouraging announcements today with Niobrara oil flows and further acquisitions in the Niobrara shale and EFS.

Management has changed hands and the company projects look encouraging, what is low price entry into oil shale, no ramp intended but I think you can dismiss all previous posts on AKK as today shows what direction these guys are taking.
 
It's probably just my narcissitic trait , I like to see my nick in on the pages of Aussie stocks plus I just want 85 posts.

Interesting focus from management re: yesterdays announcement, very confident or just a tad of the lily being guilded.
Quote from AKK's anouncement:

"...The company intends to focus on acquiring and developing large blocks with a majority WI of 80% and minimum NRI of 65% for all future projects"

Cant wait to find out where the Nioabara project in the Riockies is , which we will know around first week in June.

DYOR
 
So, due dillegence will be done by first week in June. Where we will know what the deal is with the Niobrara area. Then they have plans to sink a horizontal well for 3.6mil.

AKK are doing a three well program at their Birch acquisition start of July.

Price wise AKK have worked off a pretty strong base since December 2010, with double bottom at 0.025c , with the 0.035 share raising sure it will dilute but if there are results the dilution will be worth it. But you cant knock these guys picking up the EFS area cheaper than EKA and having 4 wells lined up to drill.

They are looking to pay back their commencement project well in less than 6 months, thats not bad and after that its cash flow positive for atleast 3-5years.

Fair enough, there are those waiting for the outcome and I know this is purely speculative but a company with EFS and Niobrara shale is not a bad shot.

Surely, there are others out there with an opinion of this company. Any F/A, T/A or Ougi boarders out there that would like to share their thoughts .
 
AKK have some great areas to drill, the EFS, Niabora shale and Cooper PEL 105. The share price has been attacked of late and there was great value around that lower 0.02 level, under 0.03 imo is still great entry into this company.

With respect to Dr Hart who I believe has turned the focus and drive of AKK into what I think will be an agressive oil company, no doubt with such focus and contacts that Dr Hart has I would not be surprised to see more high quality executives fill AKK board, Oil Searches Mr Hartley is one, there will probably be others.

I would not underestimate AKK as I mentioned in a previous post the comapny has turned around.

This is just my opinion. DYOR.
 

I hold a small parcel in this mob.

Certainly like the new acreage that they have recently sewn up. With drilling to get underway soon, hopefully we will see some more interest start to build up. With any luck we'll see some positive results from the first Eagle Ford well in September!

It's a bit more speculative than the rest of my portfolio, but I'm in for the ride...
 
tremmas, nice to know there is someone else following the company on Aussie Stocks.

Yeah, its speculative, and just on their projects, drilling in the EFS shorty and as soon as the SA Gov release their PEL 105 from current suspension, they will have no choice but to drill it.


Just look at ADE/BPT for nearish-ology.

 
Just like I thought, AKK are filling their board with quality assets, Mr Chris Hodge, X Adelphi who is an expert in the EFS area. Slowly slowly catchy monkey. AKK are building what I believe will be an exceptional oil company.

I can say this, cause I claiming this to be my thread and tremmas cause we only ones that be talkin about AKK, in the last couple of months.


We welcome others to join us.

Drilling very soon.
 
Encouraging volume today, theres a little hurdle to clear the 0.03c level but i think that is getting slowly picked up.

As this stock is pretty thinly posted on in current times I thought I would add my thoughts , take it as an observation as what the company is trying to achieve.

This is just a basic view, AKK have three potentially excellent projects, ( Yes, I know what could be in the ground is highly speculative - but like i said this is basic ).
They are building a competent , experienced and aggressive management, They are cash flow postive from their humble operations, mind you , nothing ground breaking but they are delivering a cash flow.

Here is where I think the market may be a little "holdish" back and that is that their recent cash raising whist being around the $8 - 10 mil mark may not seem adequate to meet AKK's current drilling ambitions.

So. its like a case of the market saying " show me the (more of ) money !" to fund these three great projects cause maybe the $8mil you got is not enough?. Remember AKK will be striving to return 65% from their projects which is far far more than alot of the other peers in the industry. EMR/ETE have raised funds and so has SSN, AUT and EKA, then why could AKK not do the same. Given some of the results from other companys with a nearology to AKK's projects, EKA and ADE come to mind. Oil shale is a hot play atm.

I'm not ramping this but only gving you my thoughts on the company you DYOR. And this will be post 90 a nice round number.


 
SP starting to move with a bit of volume today.

Looks like interest is picking up as drilling gets closer.

Considering having a look at AKKOB for some leverage - trading at about half a cent with an exercise price of 5.5c, expiry July 12. If (when??) we see good drill results then I'm sure we'll see the 6c mark. Just a thought anyway - given I hold already perhaps not necessary.

jetblack, I imagine you'll be grinning all over the place atm
 
I was just thinking about my previous post, we are about a week from start of drilling in the EFS. Volume has been solid over the last few days, and we are yet a week away from drilling in the EFS.
However, I keep thinking about PEL105, because if the ground has dried up sufficiently then by rights the SA gov, would release the license from suspension and I would be dead sure that both ADE and AKK would be keen to start drilling ( time will be a factor in promoting the need to drill asap) ( my bet on this is watch for an announcement pertaining to the SA gov as a lead).
Hence, AKK will still need further funding to drill both PEL105 and Niobara Shale, they rasied
$8 - 10 mil in a hard market but now the markets got a little more harder, however look at the expertise in management AKK are building up and the areas acquired, this will appeal to larger investors, maybe institutional. I mentioned before that other companys in the EFS and Niobara were able to raise further funding, why not AKK?
Maybe my gut feeling is working overtime.
 
From AKK Institutional Roadshow of 13/9 , "Drilling to commence this month with a back to back 3 well programme testing Austin's Eagle Ford shale acerage. Drilling to commence in Niobrara H1 2012."

AKK also mention this from their same roadshow "Assessing new venture opportunities - track record of very good deals"
Of course you could read almost anything into that line, but they did grab both the EFS and Niobrara projects for cheap ( whether the market has a price percetion that cheap means not good ) considering what another ASX company paid for acerage in similar area in EFS. But with their roadshow presentation and management strength/expertise and their three current projects, I am beginning to think that the use of "venture opportunities" is that AKK are promoting for a leading major institution or institions taking a postion in the company, thats my opinion , like i said you can read anything into that but it sort of follows from my earlier thinking.

Hartleys have also put out a research report on AKK, I dont subscribe to them but maybe somebody has read it and could share part of their interest.
 
Heres a link to Hartleys research report.

http://www.austinexploration.com.au/publicdocs/AKK_Initiation_20110914.pdf

This sort of came out of left field re their interest in Europe as most of the focus has been on oil shale in the USA , so,
I flagged their mention of a possible new venture in Europe, which imo would more than likely have the fingerprints of Dr Hart over it, which is only a positive for the company.
Given Dr Hart's previous work in Europe and contacts, Also with past talk of Russia having an abundance of Oil and Gas and a pretty tight handle on the market over there with prices, it does not seem like a bad opportunity and good direction to have.

It should be about time AKK start drilling the EFS, i would like to think we get some sort of announcement on this by the weeks end, it seems long overdue.
 
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.



 
Their Aus-Tex subsidiary has major interests in the States that might not fit BPT. More likely to offer a sum for PEL-105 interests that Austin needs to advance Aus-Tex.
 
I was not thinking about a T/O from BPT (although stranger things have happened). I know that AKK have held PEL105 for so long that there is a gnawing aching need for PEL105 to be drilled.



With ADE recent results from their other Cooper Basin area , just on nearology there would be more value to AKK drilling the area. IMO, I think that a nice CR will be on the way from their US listing.
 
Very quiet on this thread, must have the old investors still harbouring resentment towards the company. But that was way in the past.

The management team have worked extremely hard to shake the remnents of the past.

They are a quality outfit and getting Richard Cottee on board is just smokin hot. What RC will bring to AKK is fantastic.

Like all spec companys we dont know what is in the ground? but then AKK have three quality prospects and further encouraging results from their Kentuky wells.

I know BPT are keen to start drilling PEL105, the 50% value AKK hold was valued by Hartleys at near on 15mil which at that time was the cap for the company, and that just from one of their areas.

This is not a ramp but if you pulled in under the 0.03c well done, i've not changed my opinion. But I just bump this thread back up because its worth while.

It looks like a very black (oil that is) future for AKK.

Heres a link from the SMH
http://www.smh.com.au/business/irrepressible-cottee-in-new-oil-and-gas-venture-20120124-1qfom.html

I'm expecting to hear more from other AKK holders on this thread but then again I'm not.
 
AKK is one to watch ; big volume activity Friday and news coming next week(s) . SP will test 3.9c , and possibly move on further . Stock now has the depth......
 


ok... i am not a holder but real curious.. this is a repost i put on another forum..

perhaps as very upbeat supporter, you could help me understand the strategy of presenting hocus-pocus like this to investors???

i was looking at the investor presentation released on 20th feb 2102

few questions

on page 6 they presented to domestic and international institutional and sophisticated investors a picture of their share price and volume





when i look at it, they are saying their average sp is above .043 from april to july 2011 with a few peaks above .045 and paeking to .047.. it then went below .04 and gained over .04 in september 2011 and in the recent months to february and including february 2011 they show .043


at the same time they are giving a very fair 0.029 cents which would seem like a bargain when you look at the sp being above .043 when they presented to the brokers..

but was it? is my commsec price graph more accurate a picture and representation of the real closing prices?

why would you present such a picture to domestic and international institutional and sophisticated investors?

imho the presentation misrepresented the actual sp by a considerable margin, so did the investors pay a premium way too high compared to what was being represented to them by AKK?
 
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