Ann: AusTex Presentation for April 2013 , page-4

Malay - Quite surprised at your comments, since you have always been such a die hard AOK veteran. The pullback can be frustrating but I see it merely as an opportunity to buy on the dips & have now made it my main holding. I have seen or heard nothing to suggest this is still not a first class medium/long term play.

The results were indeed excellent, with 1,000BOE to be breached by 2qtr 2013. Highly encouraging. You say nothing new? But this is a shareholder presentation, I would not expect anything groundbreaking!

Progress is clearly being made & at a rate I am more than content with... They regularly update their shareholders and nicely keeping to schedule (Barring some extreme weather at beginning of the year), which I find highly refreshing :)

Placement was at 12c & so they are still nicely in profit. It was a hefty placing but when you consider their aggressive drill plan, TSX listing & looking to increase their acreage then I think it looks a shrewd move.