Ann: Investor Presentation Material , page-78

Proga my comments about $6-9 where talking about full field development, not now.

I think your wrong on the reserves issue. AUt came out with a reserve that was basically a tick and flick safe upgrade by NSAI . They could have gone much much larger with a low risk.

We all know in our opinion AUT holds massively more reserves then its been accredited with, so imo if anything the current reserves statement actually massively undervalues AUT. AUT would be a massive asset on your balance sheet if it had an accurate reserve report that refelected its true poteential.


ie what im saying is any company now that offere to TO just for a balnce sheet number would be fools. Why? because its going to cost them a lot more for the TO, then whats refelected in that poultry NSAI report.

MIR's reference to a company with 35%, i think he means a broker has clients that control a totality of 35% of AUT.