no respect, page-16

To put things into perspective:

At worst it's a duster.

At best it could mean 50% of 140 BOPD which would be worth about $2.2m gross per year to AKK which is a $50m market cap company.

My opinon, this isn't going to move the share price much even if it's good.

The problem that I had with AKK is with the dilution of raising the $25m it added a lot of work to do to get value out of the company with drilling.

Add in the decline rates of the Eagle Ford and it seems that a lot is hinging on Niobrara here. From my basic understanding, to make any sustained money from the Eagle Ford you must drill drill drill to keep up with the decline rates and that requires a lot of money.

I could be wrong but when i crunched the numbers and compared to the market cap, it didn't impress me. I'm still watching though to see how this unfolds.