STTCOMP ATS FA Long
AUSTRALIS OIL & GAS LIMITED
Market Cap: $47M
Share price: $0.038
Cash balance at quarter end of US$8.7 million and net debt of US$5.3million, following regular credit facility principal repayment of US$1million in the quarter
Posting here after a long time, ATS looks very compelling at this stage hence had to post
Encouraging volumes & BIG Dollars $s today on solid #Oil #oilandgas stocks...chart looks primed too imho (see below)
➡️#Oil Producer + Explorer
➡️Size of d asset: 83000 net acres, 300 net locs
➡️$18m single well, 300 net locs = free cash flow 300x$18M = $5.4 Billions asset
➡️MC just $47M
➡️Last appraised undeveloped oil play left in d USA
https://hotcopper.com.au/threads/video-ats-self-sufficient-in-q4-fy22-as-tms-asset-activities-ramp-up.6865114/#post-64067405
