Hi guys - know we are all a bit frustrated over the share price so thought I would remind us why we are in this.
* Proven successful Eagle Ford Shale position >32,500 acres * Low risk 35 wells over three years drilling inventory * High propective Acerage * New acerage being pursued * Inclusion in the Standard and Poor's All Ords * Working towards S&P/ASX 300 Index on 19th Sept 2010 * 276.4 million shares of which the top 20 own 51% * Nabors have been secured for 12 months * Haliburtons have been secured for fraccing * Nabors F07 rig for FD5H - increased horsepower ability to drill longer lateral lengths * FD4H better shows than previous wells * Ongoing proved reserves growth through development drilling * Re-read Patersons research note from 30th March. company has not changed other than we now have another well on line. Buy at 83cents - target price $1.27. Only excellent announcements since this report - nothing negative has happened to the company
I know the knockers will come out and find something to criticise but I would rather be in this one than caught out of it.
Best of luck to all holders, believe it or not it should be a great Christmas.
AZZ Price at posting:
58.0¢ Sentiment: Hold Disclosure: Held
