operational report, page-13

Ok LOTM

What is the cost of the sales ??????
If we continue drilling we continue to add value and
increase sales.???

THE POINT I AM MAKING IS THAT IF WE DIDNT DRILL ANY MORE WELLS WE WOULD BE DEBT FREE WITHIN 16 MONTHS.

Even with well decline which is universal. In 5 years time
AZZ would have around 100 million in cash, no debt.
Maybe another 200 million from selloff of acreage

300 million cash. 260 million shares.
It really is a no brainer.

If the 590k loan is repaid within ,lets say 2 years then thats a whopping $ 70,000 interest saving. Get real
Julia gillard spends more on makeup and your all paying for that.