Ann: AusTex delivers record Quarterly Review of $, page-6

re: Ann: AusTex delivers record Quarterly Rev... Using a checklist approach:

Cash - $12m,

Production - Increasing with positive operating cash flow,

Returns - 90% IRR on Verticals, 96% on Horizontals, nice mix given company cash and cash flow position, oil price currently above $95.

P1 Reserves - Greater than market value even if you include the options/convertible notes, potential to increase with further drilling

Market - Snoozing as usual,

Outcome - Holding more shares than I planned.