train leaving the station, page-70

AUT have released their annual report,

very upbeat as expected.

whats interesting is the first announcement officially from any of the jvp of the flares being correlated to natural fractures in the kowalik well..

"The well encountered encouraging indications of natural fractures whilst drilling with multiple flares and high back ground gas readings. At the time of writing the well is being completed for test. The drilling rig is currently being transferred to the next location within the Sugarloaf AMI in order to commence drilling of the next well, Weston #1H.."

in all wells thus far in the sugarkane where ever the flaring has happened the wells have encountered natural fractures.

and of course the usual disclaimer followed "their significance will not be understood until the well is flow tested, commencement of which is imminent."