re: Ann: AusTex's Daily Production Averag... Agree with Dis. Would prefer if the capital raising occurred at a higher price but unfortunately, AOK do not have a good track record on that front.
Based on page 24 of the presentation referred to by Dis, they will need around $6 million to carry out the drilling they have planned for the 2nd half of the year. With around $7 million in cash as at 30 June 2012, a capital raising at some stage this year is a definite possibility IMO (assuming revenues from oil sales are sufficient to cover admin/ corporate costs).
Will be interesting to see what effect a TSX listing referred to in the presentation will have on AOK's share price. Anyone else own any shares which have gone down that path?
re: Ann: AusTex's Daily Production Averag... Agree with Dis....
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