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Atikwa Resources Inc. V.ATK

An oil and natural gas company


TSXV:ATK - Post by User

Comment by Bob_Tenon Aug 01, 2011 7:44am
316 Views
Post# 18892274

CravenRaven you need to learn DD

CravenRaven you need to learn DDYou wrote ATK  is too broke to do anything with their land.

As of Feb / 11  they had

# 1  Cash  $1,489,345

#2 Accounts receivable  $ 338,507

#3  Mar 10 /11/  They completed a PP for $1,815,745

#4  Well 11-26 is producing 150 + bod

March 23, 2011) - Atikwa Resources Inc. (TSXVENTURE:ATK) ("Atikwa" or the "Company) is pleased to report that it hassuccessfully completed testing and has put on production its 11-26horizontal well targeting Spearfish light oil in the Pierson area ofsouth west Manitoba. Initial production over the first 10 days hasaveraged approximately 150 barrels of oil per day with diminishing watercuts as the fracturing fluid is recovered. The well shows strong inflowcharacteristics and management is confident that production can beadditionally optimized.

July 28, 2011) -  Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) ispleased to report that it has restarted operations in Manitoba after along wet spring.
The rig has now been removed and the frac is scheduled for a window of time between July 31 and August 3rd. It is anticipated that the well should be put on production by mid August.

The 14-13 well is the first of a nine well horizontal drilling program(5 net) targeting the Spearfish formation that the Company has plannedfor the Pierson area of Manitoba over the balance of the year and thefirst quarter of 2012. The Company currently has an inventory of 38(21.5 net) horizontal drilling locations in the area based on threewells per quarter section. Some companies in the area are planninginfill drilling density of up to six wells per quarter section. TheCompany is currently reviewing its well spacing plans with a view toincreasing the density similar to the other programs in the area.


Now why don't you find another company to bash or get a hobby. You really need to learn to do DD.

P.S. Just a hint. DD doesn't mean Dungeons and Dragons.
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