Per the latest Quarterly:
"IF PRICES REMAIN UNCHANGED FROM TODAY'S LEVELS, Austex will seek to drill 4 to 6 wells at a pace of 1 to 2 per month across the Company's acreage. ...The company's overall strategy in releasing the field pressure, continuing with the drilling of new wells under the currently more favourable tax regime in Oklahoma and completing existing wells is based on the assumption that the oil price remains stable and the PRODUCTION OF NEW WELLS PROVIDES ATTRACTIVE RETURNS"
That paragraph seems to imply that management believe that they will be able to achieve attractive returns even at current low oil prices.
Per the latest Quarterly: "IF PRICES REMAIN UNCHANGED FROM...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.113M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 17757053 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6825327 | 13 |
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| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
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