Ho Moktpy, I have only been passing on the info I was given at the time as a sophisticated investor. AKW had tied up with Vitol to bid for a large oil field late last year, hence getting a Vitol director on the board. AKW failed at the auction as the price was higher than expected I was told. The vitol director based in the US picked up the small texas oil field earlier this year which we are selling for I think 50% more than we paid.
Ring the co if you dont beleive me, also look forward to what cash position you think they weill have when/if GGP MDA give them the cash and stock?
AKW Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
