There's no comparison at the moment. Akk has about 100 bod , compared to around 5,000 for lnr. Lnr has 30,000 acres in eagle ford, and 10,000 in east Texas, and akk has 5,000 acres under farm out. Lnr debt is low compared to akk market cap of 40m and soon to be debt facility of 40m.
The good part is both akk and lnr are in one of the most exciting oil plays in amercia being the east Texas eagle ford. In the next year once more wells are drilled and better and better results are obtained, the value of acerage will skyrocket to at least $5,000 an acre undeveloped, and possibly 20,000 an acre developed.
AKK Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
