austex presenting wed in sydney, page-12

excellent presentation by DL last night, nothing new than what has been reported to the stock exchange though.Breakeven at 288bpd, likely to achieve 800bpd by end december.Drilling 2 new wells per month, increased participation of horizontal wells. Learning experience meanwhile and may go on its own after gaining much valuable experience.This is for the future. Extremely happy in joint venture with Ranges, horizontal oil production going well. Recent placement with institutions, instos like AMP coming aboard, a good sign of better things to come.Confident of achieving 1000 bpd next year.So confident of themselves that no printed material was given by AOK, the only presenter to do so of the 6 presenters present.I was quite impressed by DL's presentation.