Happy31. "Not as much pressure for AKK to stump up cash for wells in such a hurry and know diving into large debts for such a small company may be just the breathing room we need for now".
Funny, I read it that with HK reducing their rigs, they are now going to concentrate on their more profitable leases, one being Halcon, and still are aiming at increasing their returns by over 10%.
That' "could" be a double edged sword for AKK if HK decides to drill more in Halcon than they had planned and for which AKK had budgeted. Seems to be in the interests of both parties to increase drilling based upon the reduced oil price and for AKK to do the same as HK and concentrate their expenditure on Birch until the oil price increases quite substantially. $80 POO with 100% of costs would be a line ball in Colorado compared to what they will be receiving from production from Birch?
Just a "first thought". Sure management has it under control. They are not under too much pressure to make immediate decisions, yet.
AKK Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
