ATS 0.00% 1.0¢ australis oil & gas limited

Ann: Quarterly Activities Report, page-3

  1. 419 Posts.
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    they are really saving captial by not installaing an artificial lift and are happy with lower production (albeit lower cost). I think they would require a Beam Pump ( also referred to as nodding donkey) which can be fairly expensive to install. Holding onto the cash balance at this point.
 
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