deal of the century? permian basin acquisition

Interesting to note that according to the latest Annual Report of AKW released only 2 weeks ago it says ...

"On October 22, 2010 the Company confirmed that it had sold the Caledonian Assets (see Note 14) to
Golden Gate Petroleum Ltd for US$8,000,000 by way of shares and cash. The Company has received
an initial refundable deposit of US$500,000 in August 2010 and is to receive a further US$1,500,000 no
later than January 2011. The Company is to also receive 196,000,000 shares in Golden Gate Petroleum
Ltd." (p61, Note 26) ...

This is unusual because in order to make the figures 'add up' GGP must have been valued at 3.0c/share (viz: 196m x 3.0c = approx. $6m plus $2m cash = $8m above)... On Oct 22, GGP shares closed at 1.4c ... the last time it was anywhere near 3.0c was mid July ... truly odd way to value the company ...

... the sale which is to be finalised 'before January 2011' if the current GGP SP hovers at 1.2c at that time that means the total effective sell price for AKW is approx. $4.35m ... a $3.65m discount to AKW's expectations ... before basking in the glory of an otherwise envisaged 'cheap' acquisition ... the cynic in me questions that will the deal finalise in the end? ... or has Steve Graves done the Deal of the Century!