Ann: Drilling Operations Underway in Colorado-AKK.AX, page-18

AKK was going to be a game changer years ago but nothing happened , I lost money on it many years ago and today "nextoilrush " research releases a commentary on AKK looks ok , should I buy or not , the 64,000 dollar question

AKK Takes the Field: Oil Drilling Underway with Results Due in Weeks

If Austin Exploration (ASX:AKK) was a person, its nickname would be ‘The Survivor’ for its ability to weather downturns, uncertain market conditions, setbacks and failed spuds.
Its CEO is famous for rolling up his sleeves and getting stuck in when required.
And the small, but dynamic management team are also rolling their sleeves up, conducting the drilling internally and saving shareholders a substantial amount of money by doing so.

Suffice to say everyone at AKK has rolled up their sleeves over the past 3-4 months and got down to work, whilst also divesting several assets for a combined payback of $2.78MN.
It is now raising a further $1.7MN via a fully underwritten Rights Issue.
AKK has gone onto transform itself into a low-cost conventional driller with a strategy to enable it to stay profitable at below $40 a barrel.
This stock’s currently meagre $0.004 share price may not necessarily reflect this oiler’s true value.
That’s because AKK could be on the verge of a commercial oil discovery in the Pierre Shale in Colorado, one of America’s most prolific oil basins.

Drilling is currently underway and AKK expects to publish results in ‘late May’ – that’s just a few weeks away now.​