ok i am in , page-30

Must agree with Cmonaussie, it looks like bullshit to me too, and one can only hope that AKK can do much better than that ann when they front up for that $40 million.
This ann was clearly rushed through to get as much info to SHs to help them (encourage them) to take up the SPP.
E.G. From 1 January 2014 to mid May 2014, AKK gave 11 anns re "progress" and not all of them were about actual drilling progress. Yet, they provide 3 relatively significant anns in the 4 days before the SPP closes.

And, frankly, I reckon people should take a very close look at this wording in that last ann.

On a P50 Contingent Resources basis( 50% probability), the Gustavson report estimates that Austin’s 5000+ acre property contains gross amounts of 22.41million barrels of oil and 67.02 billion cubic feet of gas.

Gustavson’s estimates were based on probability distribution of expected ultimate recovery (EUR) based on the performance of the two wells drilled on this property and the likely number of locations to be drilled on the prospect area.

I agree, let's not look too closely at the "value" (proven value) but, try to analyse the meaning of those gross figures from Gustavson and the nett value to AKK!!

Re-affirms why RC wants Pathfinder to be the flagship and Birch looks like just providing cash flow and progressive loan repayment capacity.

Now, let's see what IS in pathfinder and hope that Cmonaussie's lack of enthusiasm about it is just that an initial lack of enthusiasm.