The pertinent facts to this well are.
1. It was drilled in a recognized sweet defined by state of the art seismic technology
2. It was drilled for less than $500,000
3. It recovered free oil the same as that being recovered from surrounding fields,
4.Flow testing will most likely show that this well is commercial
5.From what I can gather the oil show is better than many initial shows in surrounding wells
6.AKK have another well shut in that flowed similar oil to surface.
Taking the above into account IMHO akk is seriously undervalued and with the POO rising above $50 usd .
I would expect the sp closer to 3 cents by mid June
GLTA
DYOR
AKK Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
