Matsim, I think your exactly right, they had $11 mill 30th September, expected to spend $4 mill + 4th Q, that leaves just $7 mill, the programm included another Horizontal, at least 1 more well in Birch , a third in Colorado and a number of completions, with a vastly increased Admin spend, I see a cap raising in the very near future, good results or not. Cash flow is not going to be anywhere near enough to keep up the drilling.
Its funny that when AOK drilled their first Horizontal back in April last year, flow rates were out in 28 days, yet AKK are taking months (100 ++++), there seems to be something wrong.
Things didn't feel right a long time ago, but when I said something I remember being accussed of down ramping, I said I had sold and only wanted to let people in this thread be aware of a different opinion and got berated by SL.
Now we have simalar tripe from SL and I don't really care.
I thought you and RC were great mates and promises were made at the AGM (re communication)
AKK Price at posting:
2.1¢ Sentiment: None Disclosure: Held
