Ann: AusTex Fully Funded for Long Term Development at Snake River, page-10

This marks the turning point for AOK, the 'slow and steady' approach is gone, and the get massive project has started.

$30M will go a long way for AOK. My guess is that we will be close to 2,000 BOE by December and that is enough to sustain us drilling 4 wells/m (burning $1M - $1.5M/month), so the $10M cash and $20M loan facility will be cream on the cake, and I'm guessing that 6 wells/m is conservative and we could probably aim for 8 wells/m.

hedging looks good, good acreage accumulations, Nick Stone getting more involved.

If we can get some good numbers in October (reported November) that should be the catalyst for a move above $0.30