Plough. Unless you believe that this management is only using AKK to fill their own pockets,, as most are blatantly implying, (haven't they flown out of their corners throwing haymakers everywhere- unbelievable, such is there vitriol and hostility?) there is one very big positive that has come out of this and the other announcements which should not be ignored. But, you have to not have a conspiratorial attitude and ignore most of what is being said so predictably and so repetitively. i.e. stop reading those predictable posts and use your own judgement.
Management have stated very clearly what their plan is and have now put in place the basic, essential, groundwork to make that work. Now, it is up to them to make it work and they have stated very clearly, and anyone who knows anything about virtual start up oil and gas explorers should know, will need cash to do so. That is not "predictable" it is basic and patently obvious.
They have to get at least half a dozen more wells PRODUCING and that costs. They now have all the land that they will ever need, will need most of that extra $1.5 million from the shareholder issue and then get on with drilling those extra holes and getting in as much cash as possible as soon as possible to, eventually, be self sufficient with the costs of drilling as many of those 430 wells into years to come.
It is a very long term plan and investors who believe that story will have AMPLE opportunity to get out if it goes pear shape. It is still a speculative gamble and people can only blame themselves, despite what all the naysayers enjoy saying, if they make the wrong decision.
This could either be a very nice long term investment or a disaster, but, if it is to be a disaster, investors will know very soon, probably before the end of 2017.
That's the choice, believe in the story for the next 12 months and get in at these low prices , or have absolutely nothing to do with it and either get out now, or, don't even start. BUT, it is an individual decision and people surely don't need to read it over and over again, repeated ad infinitum, from a wall of negativists, who's story is so well known. This forum is like a kindergarten with the teacher continually telling the kids to make sure they wash their hands and brush their teeth, over and over and over............ The only thing "predictable" is the continued tirade from that group.
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