Results of wells 4 and 5 with Halcon-
22.5% of sales to AKK
Connection of north south gas pipeline from Pathfinder to interstate Pipeline. Significant income to AKK at no cost.
Completion of roads ,holding tanks, pads etc. and bringing of 2 free flowing wells into production [costing less than a $million each] in the Pierre region Colorado.
Granting of $40 million loan to cover 30% share of Halcon wells and ongoing drilling of free flowing wells in Colorado [horizontal drilling and fraccing not necessary].
AKK Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
