Fundamental Financial Analysis, page-34

Looks like a lot of people have been burnt by AKK....
I'm new to this share trading and could be completely wrong but looking at what they have done over the last 7 or so months it looks like this is their last ditch effort to make something of AKK.
They have sold off a lot of other property and interest to become debt free - good move right?
Using in house sources to get drilling underway. The drilling rigs they have access to for 12 months at a reduced cost, the guy that owns them must be expecting to get something in return in the long run and must think its worth it right?
A lot of people have talked about bad management but they have just got a new chairman and CEO, so that must be good right?
It is pretty concerning though they made such a big deal about the first well hitting oil and have made no noise on the other two wells.... looks like they could be dry aye?
Me and a couple of guys in my office just dip our toes in this share trading stuff for a bit of fun and banter but I picked this stock and told them to get in haha so Sector and cmmonaussie tell me what you think the chances are of this stock going to say 1.4cents?