This is exactly the sort of thing I was hoping for when I first invested in this company early last year. No signs of a takeover, they want it all for themselves. The ball is rolling for serious SP increase. The start is they need money to make money which will be this capital raise. This is a minor setback in SP considering the massive upside on offer here. Look at what's in store for 2012!
I couldn't be happier with how things are going.
"Aggressive Growth Strategy • 11 wells planned over the next 12 months, including horizontal wells in the prolific Eagle Ford and Niobrara areas, and a well in Australia’s Cooper Basin partially funded by ASX listed Beach Energy Limited • Strong news flow and multiple upcoming milestones / share price catalysts • Planned drilling will secure acreage at both projects"
AKK Price at posting:
3.4¢ Sentiment: ST Buy Disclosure: Held
