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Sorry guys this is really long just have a read.



From AKK Webiste

About The Park City Gas Field
The field is located in Edmonson County, Kentucky, USA. The project adjoins the southwestern boundary of the Mammoth Cave National Park. Major access routes include US Highway 31EW and I-65. Oil and Gas production has historically been quite significant in the western portion of central Kentucky in Warren, Edmonson and Barron counties. Production occurs in shallow Devonian and Mississippian age formations. Previously, oil production in the Devonian age formation was the primary oil and gas pay zone. More recent discoveries of natural gas in the shallow Mississippian age formations initiated an interest in natural gas exploration and development in these areas.

Geology

The initial focus of the project is located on the southeastern edge of the Illinois Basin, a large depositional basin which extends over portions of western Kentucky, Southern Illinois and western Indiana. Subsurface formations in the area of the project regionally dip to the northwest. Major high angle east-west or similar trending normal faults are located along geological strike west of this prospect. These are a portion of the Rough Creek Fault System in western Kentucky. Well records at the Kentucky Geological Survey and from independent oil and gas producers, indicate that the primary oil and gas pay zones in the projects are in the Ft. Payne, Sellersburg, Dutch Creek and Clear Creek formations. Previous drilling has discovered natural gas in the Ft. Payne. The other formations have produced commercial oil production. Each of these pay zones produce from carbonate rock with distinct sedimentary and reservoir characteristics. Conclusions Infill drilling and additional drilling along the current Park City Fort Payne trends should result in the development of additional reserves. The New Albany shales add significant high-side reserve potential. The Devonian oil shows are very encouraging because nearby wells have tested hundreds of BOPD from Devonian and older carbonates. Gas shows in the Salem-Warsaw carbonates indicate additional pay potential because nearby wells have recorded flow rates as high as 2 MMCFGPD.

From AKK Webiste

The initial 24 month drilling focus is within a proven production field that includes over 60 existing gas wells operated by RET that are currently being connected to a natural gas gathering system owned by a unit of Atmos Energy Corporation and to a gas processing facility, operated by RET. This initial focus area encompasses approximately 8,000 acres and has estimated recoverable reserves from the New Albany Shale of 15 billion cubic feet (BCF) and an additional 24 BCF from the Fort Payne Limestone formation. An expansion plan into an adjacent 25,000 acres of mineral leases on the same geologic structure is also now underway.


From WHN website

16 May 2008
Wind Hydrogen signs MOU to Farm- in to Kentucky Shale Gas Project
Wind Hydrogen Limited (‘WHL’) and Derby Resources LLC (‘Derby’), a private USA oil & gas company, have signed a farm-in memorandum of understanding (‘MOU’) which provides for WHL to farm-in to Derby’s 50/50 joint venture with Rolland Energy Inc. (TSX-V:ROE, ‘Rolland’), a publicly-listed oil & gas company on the TSX Venture Exchange. The joint venture proposes to acquire 100% ownership of the Kentucky shale gas assets (the ‘Project’) consisting of:

a) 22,000 acres of oil and gas leases,
b) Nine (9) gas wells, and
c) Six (6) miles of gathering lines including compressors.

WHL will receive a two-thirds working interest (66.67%) in Derby’s 50% share of the Project in return for funding Derby’s commitments giving WHL a net Project interest of 33.33%. The foregoing acquisition is subject to the respective Parties’ satisfactory due diligence, signing of definitive agreements and shareholder approval. WHL will soon be disseminating a notice to its shareholders convening a general meeting to approve the diversification of the Company’s operations. Immediately after closing of the Project acquisition, WHL, Derby and Rolland intend to commence production from the existing 9 wells and begin drilling a multi-well program to fully exploit the
properties. The principal exploration and development target is the Devonian shale gas formation which has been the object of substantial exploration and development throughout the Appalachian basin in recent years. "This is a unique opportunity for WHL to jointly develop, with experienced partners, the Devonian shale gas formation in Kentucky”, said WHL’s Executive Chairman and CEO, Larry Podrasky.
“The Project means that WHL can expand into gas markets in the USA near a major regional pipeline, which is close to end-markets where spot gas prices are currently over US$11.00 per mmbtu. The Project is expected to begin generating cash flow in the near term, and potentially provide WHL with large net gas flow-rates at currently high prices. At the same time, the company continues to successfully develop its valuable global wind-power portfolio.”


Is this a coincidence? Could we really have another AKK?

WHL - Mkt cap 12m
Cash 8m

AKK - Mkt cap 22m
Cash 7.8m


What do you think???