while I agree with your idea that they are trying to raise cash. I think the placement price would be a lot better if they get good flow rates. And the idea about these announcements is to get so up.
And to put things in perspective, they would have got a better idea about what flow rates to expect after drilling the wells with the data collected.
Just my two cent worth
Jordan
AKK Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held