AKK compared itself to its competitors, so I decided to do a comparison of my own based on figures from the June quarterly that came out recently.
AKK - 1.9 C
Market cap - $ 28,450,348
Issued Shares : 1,497,386,721
Dept : $0.00
Cash on Hand : $ 21,090,509
Total Production (boepd) : 488 BOPD
Mississippi, Bourke #4 - 248 BOPD
Birch # 1 vertical well, - 100 BOPD
Kentucky - 25 BOPD
Krueger Horizontal Well - 140 BOPD
Activity: 1. Horizontal well spudded at the Niobrara
2 Waiting for Announcement for 3 vertical well pilot program at Austin's Texas Birch Prospect in Burleson County, Texas.
Birch #2 Stern Well nearing completion to target depth and logs run in the next few days.
Birch #3 Schwartz Well spudded and drilling is now underway.
SUR - ( Sun Resources ) – 7.7 C
Market cap - $ 96,737,396
Issued Shares : 1,307,262,104
Dept : Uknown
Cash on Hand : $1.2 million
Production (boepd) : 0 BOPD
Activity: Sun’s first Woodbine well, has spudded
Why we are sitting at 1.9 cents .
I know the shorters are trying to stoke fear and get sp low so they can cover their open short positions.
Now AKK is fuelling up opportunity to get in cheap might be over soon,,, Providing the results are positive from the next 5 drills, AKK will be a giant ready to be woken up and run away like others MAT and SIR.
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