Ann: Austin enters into Strategic Drilling Rental Agreement, page-3

" obligations on both parties have been negotiated on an arm’s length terms as Dr Mark Hart, Austin’s NonExecutive Chairman has an interest in Math Energy Drilling LLC. This discount to market prices is in best interest of the company and shareholders."

be interesting to see the conditions , every drilling company I look at at the moment is running at a loss think down from 1400 in 2012 to 900 rigs currently drilling in the USA , mind you half the reason for losses is due to high interest repayments on too much debt and bloated head count and salary at management level .
This could be a good move but Winter is close - do they have time to drill/test a well before then ?