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Author Topic: ATK.V - Atikwa Resource Inc (Bakken Oil Play)
chiliandrillman
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ATK.V - Atikwa Resource Inc
Price: $0.095
Shares Outstanding: 61,000,000
Current Production: 1.3MMCF
Next Project: Roncott, Bakken, Saskatchewan
Cash on Hand: $659,000 since Aug.31 as per the last MD&A

ATK is a great junior because it is now drilling in a hot oil area of Southern Saskatchewan. This area has been recently watched over by large cap plays like Crescent Point Energy and Encana. The bakken oil field is a large area with great oil potential. ATK's company is in great shape for a junior and right now undervalued compared to similar plays in the area.

News article and BNN video on CPG and the Bakken Area:

A great article from the Globe and Mail. Posted below but here is the link --> reportonbusiness.com: globeinvestor.com - Saskatchewan oil play gains momentum

BNN Video from Tuesday Nov.10 with Cresent CEO --> Crescent Point bulks up - The Globe and Mail


What makes ATK a great play is that it could be the next buyout target for CPG. They signed an agreement with TriAxon for a JV farmin option in the Bakken area a week before TriAxon was purcahsed by Crescent Point(CPG). The current CEO of ATK was the CEO of LBR(Longbow Resources), who established a connection with TriAxon last year when he sold LBR to them for 70 cents a share.

Overall ATK is in good shape, they have good directors/JV Partners and they are in a very popular oil area at the moment. A private placement is currently going on to get drilling underway next month.

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A proper due diligence will lead you into prosperity

Posts: 52 | From: Canada | Registered: Jun 2008  |  IP: Logged | Report this post to a Moderator
   

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