Atikwa Resources Inc. V.ATK

Legacy paid $ 235,000 per flowing

[Bob_Ten]

barrel of oil to buy Molopo.


Australia's Molopo sells Canadian oil project for $189 million

Sydney (Platts)--2Feb2011/132 am EST/632 GMT

Australia's Molopo Energy has agreed to sell its Spearfish oil project inCanada's Manitoba province to Calgary-based Legacy Oil & Gas for around C$188million ($188.6 million) in cash and shares, the company said in a statementWednesday.

Spearfish was producing 800 b/d of 36 degree API crude oil at the end of2010. The project has 9.1 million barrels of proved and probable reserves

[CravenRaven101]

which means the price wasn't for flowing barrels... it was for the 9 MM BOE worth of 2-P reserves (upside)... THERE is one thing that is true... ATK and RYD are not comparable... RYD amassed a huge position in SK Bakken potential and it was JUST bad timing that saw them fall into the clutches of CPG... during that period ATK was little more than a capital pool corp looking to establish some

[Bob_Ten]

Wow bashing a 6 cent stock. How funny is that . Every company has to start somewhere . ATK has a better start then most.