Based on market caps from quarter since March 2012, current SP is cheap. With averaging method from March 2012- 2013, the SP should around $0.02.
What changed from March 2012 to March 2013 (some highlight) * production is increased to 128 BOPD Net to Austin(Dec Quarter) * proven Eagle Ford asset with delay in production (IP 403 BOEPD, per 14 March news) * proven Birch Ford asset with delay due to drill liquid extraction * Mississippi gusher * LOI for FO * bring down admin cost from 563,295 (Mar 2012) to 472,454 (Mar 2013) * etc...
Below the quarter mkt caps snapshot March 2012 Quarter Total shares: 947,163,760 Price: 0.029 (at ~30-Apr-12) Mkt caps: $27467749.04
June 2012 Quarter Total shares: 1,497,386,721 SP: 0.02 (at 30-Jul-2012) Mkt caps: $29947734.42
September 2012 Quarter Total shares: 1,497,386,721 SP: 0.028 (at 31-Oct-12) Mkt caps: $41926828.19
December 2012 Quarter Total shars: 1,502,386,721 SP: 0.023 (at 31-Jan-13) Mkt caps: $34554894.58
March 2013 Quarter Total share: 1,516,920,471 SP: 0.014 (at 1-May-2013) Mkt caps: $21236886.59
GLTA. DYOR.
AKK Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held