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Atikwa Resources Inc. V.ATK

An oil and natural gas company


TSXV:ATK - Post by User

Comment by Unaboy1on Feb 11, 2012 10:51am
204 Views
Post# 19520062

RE: RE: Information:

RE: RE: Information:

ATK hasn't released any information on this hole (34-5-25-W2), there is a reason for that. Oil has to be trucked from hole (34) and even on IP, that traffic was almost nil.  You can't hide that fact, she sits idle today.  It is only a mile north of 7-27, which as you stated, pumps 20 (plus) barrels/day. This company's corporate presentation seems to indicate that the have drilling rights to much of the old Roncott field. It would seem logical then, that they use 7-27 as a guide to the formation and drill a horizontal. It would be very reasonable to assume that a properly drilled and frac'd HZ hole could achieve the 100 to 150 IP rate. My belief is that ATK and it's investors need this to happen. This could very well open up another front for ATK and budge her stock price off bottom. Patiently waiting for that to happen ...........Una.

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