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0.00% 0.3¢ australian oil company limited.

Ann: AusTex Fully Funded for Long Term Development at Snake River, page-5

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  1. Konfi
    1,224 Posts.
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    23/10/14
    10:49
    Post #: 14168351
    Great buying today if you can! They state in a previous report that an oil price of $85 gives an IRR of 75%. Given hedged at just over this and money to develop further wells up to 2016, as you say limited downside and free kick at upside potential.

    Another note is other marginal shale oil producers wont get this type of funding and will wind down operations, resulting in oil price appreciation right around 2016
    AOK Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.000(0.00%) 		Mkt cap ! $2.833M
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