AKK is certainly a company well worth further consideration With...

AKK is certainly a company well worth further consideration

With $21 Million in cash, represents 70% of its MC of around $30 Million will give the company a solid foundation to help prove up its 2 main projects, Niobrara Pathfinder and Birch Eagle Ford. If successful will add significant value to the company in the short term. I also like the steps the company have made in introducing the ‘500 square’ program, by cutting its administration costs and using the recently raised funds for their drilling program in the 3rd and 4th Q of this year.

The Niobrara Pathfinder C11- 12#1 well in Fremont County has an 85% WI in 11,560 acres. Given a solid result which the company has an EUR of 280 MBOE could add substantially to their cash flow and the value of their acreage. AKK believe a further 100+ horizontal locations are possible in the project with secondary objectives such as the Pierre Shale and Codell Sandstone target zones which could add further value.
An IP rate may take longer than expected as the down time periods can be longer than the drilling and frac operations especially being a small cap company.


The Texas Birch Project has a 93.5% WI in 5000 acres on 160 acre spacing will give the company a possible 50+ drilling locations. I like the fact AKK are drilling 3 veridical wells to help identify where they will drill the first horizontal and given the Krueger #1, exceeded pre-drill expectations in my view is a smart decision which will help lower the risk and increases the chance of success for the first horizontal.


With also 5000 acres in Cooper Basin, Australia and other cash flow producing assets in Kentucky, Mississippi and Yolanda in Texas there is plenty to get excited about.

This morning I bought into AKK and it looks like good timing especially with 2 significant hydrocarbon discoveries.

Good Luck to all holders.

Cheers Matsim