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0.00% 0.3¢ australian oil company limited.

Ann: AusTex's Daily Production Averages 500 b, page-19

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  1. binbin
    2,412 Posts.
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    09/10/12
    15:35
    Post #: 10834004
    re: Ann: AusTex's Daily Production Averag... Possible capital raising maybe causing the recent cap in the price? They had $7million as at 30 June 2012. Each vertical costs $600k and their share of costs for horizontals are around $300k to $400k each. Add admin costs and they are now probably at a stage where they need more cash in order to drill more verticals and participate in more horizontals. Just a thought.
    AOK Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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