Always risk involved if they don't get commercial finds but I have liked this from day dot
- Great Potential Assets
- Cheap purchase price of assets while oil market was down.
- Large land holdings ... so in oil sweet spots or next hot spots
- Existing oil producing assets generating cash .... future infill drilling to boost production & cash
- Proven & experienced management >> old AUT board that got bought out at $4.50.
- Large amount of cash in the bank.
- Large line of credit facility .. up 75-$100m
Let the drilling begin & hoping for success.
Ann: US$75 Million Credit Facility, page-9
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