~7000 barrels a month = 700,000 gross rev per month. That's a run rate of $2,000,000 per qtr. Should be very close to cashflow positive. Hopefully the financing will allow AusTex to keep drilling cheap verticals and increase production and cashflow until they can find a good JV partner that has the financing to go horizontal on their vertical well bores.
Ann: Monthly Production for January 2012 , page-2
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