AKK 0.00% 0.3¢ austin exploration limited

Ann: Strong gas flows continue on Marco Polo & Columbus, page-18

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  1. 13,065 Posts.
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    Sharks and others. This announcement was in answer to those who are anxiously awaiting the flow test results from these last two wells and is a material factor in the market for AKK shareholders and potential shareholders.
    This announcement takes that built up expectation down a few pegs and gives everyone a clearer idea what IS happening and why they haven't received those much awaited results.
    It is called "good management" as many other companies on HC are being rightfully criticized for failure to inform their shareholders. Good on you AKK management. Information is the bread and butter of shareholders and it IS being provided by this management with this announcement.
    And anyone that doesn't expect, or want, further CRs is fooling themselves and probably should be out of this company as there can be no way that their vital drilling programme can continue unless they either have a CR (placement) or go into debt.
    Good results from these next two wells will make that job very much easier.
 
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