arrowhead broker report 48c conservative tgt

http://www.abid.co/sites/default/files/AUSTEX%20OIL%20-%20ABID%20Report%20-%2028Aug12.pdf

Risk to reward is nice...

Also like this part about colby, this is a large part of our acreage, with reprocessing we could potentially see an increase in reserve size.
Any thoughts or comments??


Colby Project
Company’s WI: 70%; NRI: 58.8%
Target commodities: Oil & Gas
Location: The Colby Project is located in
Thomas County, Kansas, on the west of the
Cooper Project
Asset Summary: The total acreage of the
project increased to 15,500 acres after AusTex
acquired 7,400 acres in 2Q 2012,

the company has completed 3D seismic
shoot of the area, and the data collected is in
the final stages of processing.