Ok, this is just a thought out of left feild, as we have no flow results, this is purely speculative.
Prior to the recent Si CR, Akk market cap and particuarly the shares on issue back then (which is still the same quantity for another 4 weeks or so) quality was very small, particularly if the recently aquired acerage prove to provide quality results.
Potentially does any one agree that if above average flow results where announced prior to the si CR, AKK may have been a potential take over target as the value of the company considering AKK lease at PEL, niabra and and if above average flow results were announced at eagle ford, this could potentially reveal the value of AKK much higher than it is at present and easier for another company to control or takeover at the present ratio of shares on issue.
Possibly management identified this possibilty, therfore initiated the sequenced of events that have un folded over the last week or two.
Would be interested to hear everyones point of view.
I am not ramping just speculating.
AKK Price at posting:
3.0¢ Sentiment: None Disclosure: Held