It looks set for a move up with any positive news.
We would have to be very unlucky not to get any oil/gas shows and at least one producer from the drilling program.
Correct me if i am wrong but I was of the understanding that AKK has not yet drilled a duster on any of their previous wells. So, I'd say the odds are on our side.
Halcyon is an experienced driller with a proven track record and there are some lengthy horizontals to be run.
My thoughts are that the share price is at historical lows and represents good value given the 2014 drilling campaign and it looks like there is little downside risk with lots of opportunities for price increase.
Hopefully we get good news early in the drilling program so that can help drive the share price through the remaining wells.
Just need a trigger..........not long to wait.
JW
AKK Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
