I think the fact that they now have Schlumberger doing the drilling, while a year ago the Directors were , say it all.
There has been a significant amount of unwarranted vitriol against AKK / FPL for years with investors failing to recognise the extremely speculative and blue sky terrain the company has been operating in. Granted the vitriol has come from two or three cheerleaders who have recruited others to their ranks, but it has not helped the SP.
Management have done well to keep this one alive and we are still in the game, with a growing chance of coming good and transforming the land valuation from $450 per acre to at least 5 times that.
GLTA
Wazz
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