Interesting doing some comparisons between AUT and AZZ from the last quarter:
net oil production last quarter
AZZ 225 bo/d
AUT 200 bo/d
net gas production
AZZ 814 Mcf/d
AUT 1200 Mcf/d
present Mcap per acre
AZZ $4342/acre
AUT $34133/acre
I realise AUT should be trading at a premium to AZZ, however eight times is stretching things a bit, especially since they wont be receiving any cash from operations till the december quarter.
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INFINI RESOURCES LIMITED
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