yes would agree on all points - after a 15month period we are looking at profit and spreading the risk is a good management decision but i do think that they should be prioritizing the funds raised. Theres a lot of options out there with expiry 2012 and 2013. no point in drilling wells that give a roi in 15 months and then let the options expire.
with success in eagleford, when the flow results are released and if we find we have a big producing well, a second and third well spud would push the sp higher to where it should be to earn the money from the options.
so i am not saying its a bad step but i feel AKK hasnt prioritized the funds available in the best possible way
AKK Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
