Where we stand..... All we can ask a company like ATK to do is drill. They have done that and have been successful. The problem that we have isn't with the Company...it's with the market. Unfortunately for us, the market is the only judge that counts. We can sit here forever debating the value of ATK but if no one is interested in the story --it won't matter much.
These wells net between 40/50 boe/d to ATK. A bunch of them will add up but it just doesn't seem to mean much for potential investors looking for opportunities. We all agree that 400 boe/d should bring more than a 5 cent stock. I think the problem lies in the fact that it won't bring a hell of a lot more than that.
My belief is that the value for shareholders will only come from the sale of the company. Not the conued nickle/dime wells even though - I agree that they add up to the fact that the Company is undervalued. It will remain undervalued until they sell this thing. That event can't come soon enough as far as I'm concerned.
D is T...venting from the local pub