Ann: Significant amounts of Oil & Gas evident in Magellan 1 well-AKK.AX, page-18

Very encouraging update and we are going to find out very soon what we have in this well and the others, it doesn't require large flows to cover costs on these wells.

AKK is in effect a new Company operating with 100% WI on this lease, no debt, three wells already paid for and all known to contain oil plus they don't require fraccing so not a bad start....it's pointless wallowing in the past,thats history, the only thing that matters now is the flow rate of these and future wells.. as a risk reward play in O&G it doesn't get much better IMO....

Cheers Whisky