It is good to see a significant amount of unlisted options...

It is good to see a significant amount of unlisted options expire at the hands of Stewart and Watson. I have never liked the fact that ATS have nearly a billion shares on issue. Too many freebie's in the early days issued to the founders. Currently 986 Million on issue. Aurora had some 400 million on issue if my memory serves me correct.

It would be nice to get another clean unimpeded well completed. Hopefully the Saxby well will be finalised at the optimum lateral length. There is no doubt the oil is there. It's all about proving its economic accessibility. The end value of this stock will not be determined by the small retail volumes going through on a daily basis. It will be ultimately be determined by the value placed on it by any future suitor after they weigh up Australis's proof of economic and operational execution. Oil price is important of course.