Come on guys just relax.With the carnage that's been happening...

Come on guys just relax.

With the carnage that's been happening right across the market, little ole AKK is holding up very well.

Did ya happen to see BBG over the past two days?....."wipeout" as they say in surfie terms. LOL

People sell for a myriad of reasons and in a market like we are in the reasons are many.

AKK have revamped management and are now heading in the right direction IMO.......and that's why I bought in here.

The recent report on our first drill in the EFS is very encouraging to me and whatever the production figure it gives us........keep in mind it's 93% AKK.

Some back of the envelop calculations........

Let's say the first well delivers 400 BOE net to AKK.

400x90x30days=$1,080,000 per month.

My hope is that in the current economic climate management take the view the company should crawl before it walks or indeed runs.

The EFS is the most likely of all the assets to produce and that is where the focus should be IMHO.

PEL 105 and the Niobrara while valuable assets are the more risky IMO.

Let's see what results we get from this first well and then see what management do from there.

My personal opinion is that to attempt a CR in this current market would be a last resort only.

Cheers all