Ann: Trading Halt, page-27

AP - next scheduled OPEC meeting is June 5, 2015

"The Conference resolved that its next Ordinary Meeting will convene in Vienna, Austria, on Friday, 5th June 2015, immediately after the OPEC International Seminar on “Petroleum: An Engine for Development” which will take place at the Vienna Hofburg Palace on 3rd and 4th June 2015."

http://www.opec.org/opec_web/en/311.htm

http://www.opec.org/opec_web/en/press_room/2938.htm


Forget about US energy companies taking a cornerstone position in AKK. If 15% sold to cornerstone at last closing price of 7.4cps it would be a $5.8M investment. Not going to happen IMO

Now what the article from Dandandan is telling you is cashed up E&P companies with strong balance sheets can cherry pick from what will be the rubble of formerly prospective companies for those with best fit assets (or large contiguous areas either HBP or with longer lease expiration terms).

Its the acreage they are after - not the baggage of the actual company. Why on earth would a company what to buy HK whose market cap is $959M and EV of $4.4B - thus Net Debt is $3,441B. Wait for a default situation - negotiate with debt holders (or if the debt trades at distressed levels buy the debt and force default by not relaxing covenants) and make the equity worth zero. Been done so many times.

Make no mistake - AKK needed capital and no debt forthcoming on terms that any sane person would accept. Right now is also the time to "rightsize" AKK staffing and salaries and run lean - cos the price of oil is mean.