AKK positive points on restructuring of company
* Resstructured Balance Sheet
* Sold off non-core assets
* Reduced Bank Debt by USD$1. 5 million from selling off non-core assets
* Cash in bank for drilling
* Reduced expenses to be able operate profitably at USD$30 p/bbl
* And now have a potentially viable producing oil field discovery with oil around USD$50 p/bbl.
AKK has made positive steps to move the company forward, and only time will tell if they will be successful.
GLTA
http://www.asx.com.au/asxpdf/20160415/pdf/436k8t84jjqgcd.pdf
http://www.asx.com.au/asxpdf/20160524/pdf/437ftll3blbwl6.pdf
http://austinexploration.com/wp-con...ble-Rights-issue-placement-to-fund-growth.pdf
