Akk is derisking with each announcement. Look at other valuations for similar exploration companies and AKK looks cheap. No soveriegn risk, production immenient, owners of sought after ground, good and respected management, cash in hand. Highly likely that AKK will be producing 1000bopd within 12 (6?) months. Thats around $32m income p.a. PE of say 5 (conservative) gives value of $160m. I think half that is very acheiveable and realistic ATM.
AKK Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
