Ann: Austin Exploration Investor Presentation , page-11

yes, good point considering comments here recently by a seller that bailed...

I still find it pretty hard to believe they can fund that much drilling with $12m.

They must be counting on the program and drills Q4/ Q1&2 to get the oppies in by July.

The second Niobrara horizontal and completion must be paid in 2013-14...as the $ wouldn't add up

I bet they are counting on that $50m for 2013-14, which would be fantastic timing to carry us through this agressive campaign.

This is exciting as it gets I reckon for a junior.

All 5 locations drilling in next 2 quarters!