New Investor presentation out in the ASX announcments for AUT
Well worth a read , has some excellent pictures of well locations.
Also explains the NSAI valuations, and hopes to convert 3P to 1P in 12-18 months.
Peak negative cash flow in 2011 which we knew, $38M in cash stil avail.
Has great explanation of drilling plans to 2017 and beyond. With cumulative cash flow projected beyond $2B in 2024, faster if they reduce well spacing to <80 acres.
Still very liquids rich at 80% of Rev.
Well worth a read, theres a clear funded plan for growth and it inspires a lot of confidence in these guys.
Ann: Investor Presentation Material , page-2
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