AOK 0.00% 1.7¢ austex oil limited

Not sure if anyone noticed but the latest Financial Report...

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    Not sure if anyone noticed but the latest Financial Report included Project Management expenses amounting to $494,840 that related to "legal, professional and compliance costs for the proposed 2013 listing on the Canadian stock exchange". A Canadian listing could hopefully expose AOK to investors who have a better understanding and appreciation of the Mississippi Lime and its potential.

    The company has also updated their website which has links to a Fat Prophets Analyst Report:

    http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1445-44966468/FatProphetsupdateonAusTexOil21Feb2013

    and a presentation made by Dan Lanskey at the Excellence in Oil and Gas Conference in Sydney on 18 March 2013.

    http://media.openbriefing.com/resourcefulevents/eog2013/Austex%28AOK%29/AOK_Custom_060313/index.html

    One interesting point I noted in the presentation was their intention to secure a debt facility shortly which will be used to increase the number of well drilled from 6 wells per quarter to 9 wells per quarter.

    Also mentions that discussions to increase their landholdings in Oklahoma are ongoing.

    Looking good IMO.



 
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Currently unlisted public company.

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