Guggs
It true you can wait for the other 2 wells, but if they dissapoint one exits at .3c. For AKK to earn enough to cover corp costs only, they need an IP from the three wells of circa 400-450z To fund some more seismic , and the next couple of wells it's an IP of around 700. So the issue guggs is this well proves that AKKs acreage is very similar to the neighbouring property and as Cmon beautifully highlighted in his morning post , the neighbouring company aren't doing well . There is a reason why many shale companies have gone under , the margins are to small and production too low to sustain an oil business. Even a small turd like AKK.
The last point I want to make to the likes of gassed , guggs and Dante , my posts , and I assume Cmonaussies and sectors , Daniella , SV and many others, have not been directed to the likes of you . They were really for all the people who may have lapped up the rubbish the company presents , as to help them make a more informed decision and many did selling at 1.2 down to .6c . So at point .5c there is nobody that can say they are in profit .
You know the jig is up when Bevter and Bruutz
Are M.I.A. In the end every stock , no matter how poor has its buy line with the believers or those looking for a quick flip ,and so does AKK.
AKK Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held