I have been looking into the Silverwood gas/oil prospect that...

I have been looking into the Silverwood gas/oil prospect that AUJ will be drilling in June. I see quite a few similarities to VIL's Fausse Point project.

- Both Silverwood and Fausse are located in Louisiana, USA.

- Pass Petroleum LLC, a private American company have a 30% working interest in both Silverwood and Fausse.

- Fausse's potential find is 7.4 Million barrels of oil and 24 BCF gas. Silverwood's is 7.4 Million barrels of oil and 13 BCF gas.

With AUJ only having 40M shares on issue, it's Market Cap is currently only $15M. I see huge upside in the share price from these levels. At it's height, VIL's Market Cap reached $60M. In the lead up to the Silverwood drilling in June, there will be a lot of big players getting set and we should see a lot of excitement and speculation come into play. I am looking forward to June. I may attend the investor presentation next week in Melbourne to find out more.