responce to emails questions, page-2

Thanks Emo.

From this we can conclude that:

1) Atmos gas plant is still some time away from being reconnected.

2) Park City has been put on hold until Atmos issue is sorted out.

3) PEL 105 is still a big IF to be drilled by March.

4) AKK is spending a large chunk of the cap raising through:
- purchases of new leases
- drilling costs (add $500K to the current drill costs plus additional two wells in Armstrong = $1.5M)
- admin costs

I can smell a cap raising post completion of PEL 105. Cash will not last long at this rate.


TW