Is AKK a buy?

I spent 3 months researching all junior E&P oil companies listed on the ASX. AKK was the one that stood out. Seems everyone has forgotten shares were consolidated to 1 for 10 end of last year. Massively undervalued, possibly due to a lack of regular updates but if people conduct their own in depth research from announcements on the ASX & AKK's website (including annual report and broker reports), there would be no sellers of shares. A mainstream bank would not lend them money unless it was cash flow positive, even if it had a strong asset base. Given the number of shares on issue, generally the daily volume traded is zilch. If someone made a takeover play, they would have to offer a huge premium to gain any traction. This is definitely a counter cyclical play given the oil price but for those with patience, the rewards will be huge. My belief from my own research is backed up by the fact I am in the top 20 shareholders in the company (most shares bought at a premium to last traded price but I am still smiling).