AOK australian oil company limited.
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From the last announcement:While AusTex is well funded with...

  1. silverfox3731
    3,690 Posts.
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    18/08/13
    15:38
    Post #: 12209824
    From the last announcement:

    While AusTex is well funded with current cash reserves of circa US$6 million and a growing revenue base, the Company is actively assessing opportunities to fast track production growth. Negotiations around a reserve-based lending facility are progressing well with a number of offers being reviewed by the Board of Directors.

    Seems they have offers and are in negotiatiion. ,...shoulnt take too long..would be good to see them obtain a line of credit allowing accelerated well development!

    Maybe the next announcement.


    Fox
    AOK Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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