daytrading jan 24 afternoon, page-112

AKK has a market cap of about $38m

It has 1.5b shares on issue and another 950k options

The NPV of a single well in Niobrara at initial flow rates of 600 BOPD is $7m

The current well is flowing at 350 - 400 BOEPD.

There is potential for 100 - 200 wells.

Do the maths.

For me, the upside in AKK will come from what else they can acquire along the way and how much they can utilise and grow with the revenue coming in.

At the moment though, it's not quite doing it for me but that's just my opinion.