Ann: Drilling underway on the Columbus No 1 well-AKK.AX, page-85

Best guide to possible flow rates is adjoining Florence field history with similar
fractured structures etc...initial rates can be relatively high..and based
0n Samsons experience in the Bakken this can have a dramatic effect on
share/option price alone.AKK options are a bargain at 0.002 considering low conversion
0.006c price..particularily if flow testing a success on all 3 wells.Also IOG best guide
in regard to share price movements...even given far less shares on issue..percentage
increases may be roughly the same making around 2c plus realistic for AKK on any
sustained discovery success etc..which makes options VERY attractive...

Cheers