re: Ann: Sugarkane Field Reserves Update for ... The drilling programme does explain the size of the facility arranged - not so much because of the number of (gross) wells but because activity for the 1st 7 months will be almost exclusively in Longhorn, where AUT has 31.9% WI and it doesn't let up much for the rest of the year. The revised projection of 2012 exit production reflects that.
The Commonwealth Bank comments on AWE and its business model were, by contrast, pretty scathing.
AUT should be able to fund its participation almost regardless of the price of oil within reasonable limits. Any sustained recovery in confidence and in oil price should cause a significant uprating.
re: Ann: Sugarkane Field Reserves Update for ... The drilling...
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