AKK is solid, but nothing is going to happen of any real significance until the get their gas plant in and running in 6-9 months time. All the rest is PR BS and fluff. As some of pointed out todays ann. rehashing other peoples news and even AKK's own update:
"The re-negotiation of the drilling of two commitment wells on its Texas Birch holdings to be replaced by the payment of $1.25 million, of which $838,000 was paid in the last quarter."
followed by:
"Mr Cottee said the strategic objective of this program was to provide for the accelerated development of Austin’s premier US assets, "
Paying cash to defer a commitment does not sound like "accelerated development" to me. Going back over the 2012 plan with missed mile stones doesn't sound like accelerated development to me. Even with the new plans they are behind where they had planned to be, that suggests deceleration to me. Maybe RC uses a different dictionary and yard stick?
announcement out , page-29
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