halcon/petromax are spending 40 million on drilling eagle ford. u have to ask yourself if they are prepared to outlay this must cash how much return do they expect. u would think at least double the investment. the first well success took the risk off the table. these 5000 acres must be worth close to $100-200 million dollars based on latest drilling results. akk has not been rewarded or rerated based on the drilling results. imo the market has forgotten how much these wells cost. akk has a market cap of 26 mil with 4 mil in the bank and 4 producing oil and gas assetts. stock is undervalued. buying more today after researching some more.
frosty
AKK Price at posting:
1.3¢ Sentiment: ST Buy Disclosure: Held
