I'm certainly not up to your standard on the technicals so please bare with me. I had a look at the BHP link you provided where BHP paid $19 Billion for shale GAS fields. With AUT, we are talking about shale OIL. I find it hard to compare the two and couldn't read anywhere how many acres BHP bought to work out a per acre purchase price. While just on per acre price, TXN are currently selling some prime acreage in the EFS(i'm guessing you would be aware), based on your economic deductions, what sort of value should they expect per acre. Regarding debt, my small business sense tells me that if works stopped right now, the debt AUT currently has would be taken care of easily by sale of acreage, and we also have the income from sales for a fair while yet. Am I off the pace with this? Cheers ps, I hope you bought some the last time we had these discussions
AUT Price at posting:
$3.47 Sentiment: LT Buy Disclosure: Held
