This is how it is!!!There has been so much POSTIVE INFORMATION...

This is how it is!!!

There has been so much POSTIVE INFORMATION AND DISCOVERIES recently that it is hard to keep up!!
Also the company's "tight hole" policy is to some extent confusing novice investors. ("Tight hole": a well that the operator requires be kept as secret as possible, especially the geologic information.)

BUT READ BETWEEN THE LINES !!!

Here we have AKK drilling TWO horizontals(back to back) with multiple frac stages planned...when only ONE horizontal drill was planned !!! (a significant "change of plan"!!!)

(THIS IS THE REASON: "A thorough analysis of the initial log data has been completed. These results have been analysed and compared
to two of the most productive Niobrara wells in the Wattenberg Field (DJ Basin). In consultation with several
geologists, geophysicists’ and Petroleum Engineers, the log results from the Pathfinder #1 well appear
comparable if not better than these wells.The Company can confirm that resistivity levels are in the top echelon for
productive wells in the DJ Basin.")

READ BETWEEN THE LINES !!!

As burntgamber correctly says "The company stated that they will do 3 verticals (Birch 1, Birch 2 and Birch 3) then they will select the best well to do the horizontal."

BUT AKK HAS DEFINITELY ABANDONED THIS PLAN (FOR THE TIME BEING) BECAUSE OF EXTREMELY UNEXPECTED SIGNIFICANT FINDING WHEN DRILLING BIRCH #3 !!! These finding were so exciting that they (as with Pathfinger) resulted in a logical "change of plan"

Instead of drilling a straight vertical as in Birch #1 and Birch #2....they have drilled to a measured depth (MD) of
13,213 ft including a 4000 foot horizontal leg into the Austin Chalk formation. (This makes Birch #3 the
Company’s deepest ever well.)

THIS HORIZONTAL IS 1219 METRES LONG OR 1.219 KILOMETRS !!!

WHY ?!! WHY ?!!

(THIS IS THE REASON: "Birch # 3 Schwartz/ Galbreath Well
The Company believes it may have intersected a large oil reservoir at approximately 10,675 feet as a large gas
kick produced a 40 foot gas flare whilst 20 barrels of oil were returned to the pits over several hours. During
drilling, the well had several oil shows in the pits and a series of large gas kicks with readings reaching as high
as 5404 units. This caused several delays during drilling as the gas has to be flared off until the pressures were
sufficiently reduced to allow the resumption of drilling operations.
The nearest well to the Birch #3 Well, the Christico Tharp Unit #1 well, was drilled in 1990 and is approximately
1km away. This well produced approx 117,277 barrels of oil and 1,027,517 MCF ( 1.027Bcf) of gas from the
Austin Chalk. The initial signs from the B3 well are that the two wells should have similar production
capabilities. Based on the large volumes produced by the Christico well, the Company’s engineering team has
replicated the design of this well.
When drilling through the Austin Chalk the oil and gas shows were considered so significant that the company
decided it should produce and deplete the Austin Chalk ahead of exploring the Eagle Ford potential.
Consequently, the Company has immediately moved forward with setting up production facilities for this well.
The Company’s completion policy allows for a 100 days period to complete the well and put it into production.
The initial production rates will be communicated to the market as they become available.")

So in summary...

1.)Things are actually BETTER than even the most optimistic investor thought !!!

2.)This information IMHO has been reported ...but not fully understood...as demonstated by postings in this forum...by posters who are both intelligent and as "well informed" as possible.

3.) So if these guys/gals have "got it wrong"... by under estimating the facts (potential flow rates)...then how on earth could the general public have a hope of knowing what is going on!!!

4.) Watch this space...but I do believe we are all going to be PLEASANTLY SURPRISED!!!

Cheers