Judgement Day

So, as I see it:

The Co has attracted $2m in capital recently for shares only - a far cry from Lanstead terms and a very substantial vote of confidence in the field and management.

Operating cash flow was negative $743k in the half and exploration costs approx $1m.

The Directors report refers to oil H1 2018 sales of c$100k per month.

Ditto a gas sales agreement is imminent only mentions )c .5m cft per day - say $50k per month.

This would bring them to near to break even operationally and ballpark $1m for development work. (ignoring the retail offer).

This is the best position AKK has been in since the POO implosion.

So if I invest now, I'm free carried on the downside by their operational cash flows and have plenty of upside on either monetisation of the gas or through oil sales.

If I don't invest now, i don't pick up much of the upside.

It's a buy.

Wazz

GLTA