Too funny indeed. Gustavson also wrote the following for AKK in...

Too funny indeed. Gustavson also wrote the following for AKK in their report Sep 25, 2102 (authored by Letha C. Lencioni).

"The Pathfinder Prospect comprises 11,560 +/- gross and net acres, with the primary target being horizontal Niobrara wells. Historical production from the Pierre Shale in the Florence Field has occurred from this property, but is not considered a major target for further development."

So some seismic and 3 wells now makes the Pierre the major target? I see.

And the asset? IP PDP = $569,670 + $1,773,950 = $2,343,620 estimated at NPV10% and no further info.

There is a massive difference between Proved Reserves and Probable Reserves. Even greater difference to Possible Reserves. As for Contingent Resources .... well that's the stuff of investor presentations.

Cash flow comes from 1P PDP and ONLY FROM 1P PDP.

Hack away Huckleberry.