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Atikwa Resources Inc. V.ATK

An oil and natural gas company


TSXV:ATK - Post by User

Post by smmtrson Mar 16, 2012 11:49am
269 Views
Post# 19680935

Financing and production

Financing and production

Just a few points that I have gleened from conversation with Sean Kehoe this week. Debt financing money is in place. As far as I know not from smokin Joe and his guys.This is good news for several reasons,this means no share dillution ,drilling can resume after breakup .Another well will be drilled at Roncott ,hopefuly a horizonal that could produce 200 bbls verses a verticle at 30 bbls. However the end result will be that ATK will earn more sections of land in Roncott from CPG., yes the company that is in the process of aquiring REL.Also found out ATK produced 10,000 barrels of oil in Feb that generated a million dollars . As ATK increases production the company can become financially self sustaining.At this point ATK has 20 net drilling locations in Spearfish and about 30  in Roncott.

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