"ducks in a row" here for me...there were 13 " deviated " wells...

"ducks in a row" here for me...there were 13 " deviated " wells drilled
in neighbouring Pierre formation between 2008-2011 ..all
successful with initial flow rates upto around 360bbls/day..in
some cases and overall average of 135bbls/day.However,reservoir
formation may well be deeper here with more oil and more virgin pressure..
AKK has done its figures on 50bbls/day at around current prices
which still offers excellent returns of 70%-90% IRR and around
6mth. pay back for each well. The question now becomes ..what if
reservoirs are indeed deeper as expected and better than expected
production figures are achieved with far earlier pay backs and superior
return on investment...current share price looks to have no
built in potential success factor at all...this will make any
discovery premium so much greater..

Cheers