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0.00% 0.3¢ austin exploration limited

Ann: Drilling Underway at Austin's Forth Well, page-9

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    22/01/14
    15:30
    Post #: 12840008
    re: Ann: Drilling Underway at Austin's Fo... "The right JV announcement in Colorado would seriously shift this into gear and underpin a nice steady and sustainable SP upside trend."

    My thoughts are that going for oil in the Pierre formation means they can truck it out, monetise it ST until they have the pipeline to deal with the Pathfinder gas sorted before going back and completing the 2nd hori on that vertical well.

    Would make sense.
    AKK Price at posting: 1.3¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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