Can see many errors in his posts, but can't be bothered anymore taking the time to post in response, got better things to do.
Just a couple of quick points -
- These wells are high liquid yield wells so the decline in gas prices are not detrimental to the economics of the wells, unlike the other shales/operators mentioned.
- At current point in time we are in full field development at a frantic pace which is very capital intensive. In time (2013+) cash flow from production will far exceed development costs and AUT will be cash flow positive. Its really quite simple to me.
AUT Price at posting:
$3.49 Sentiment: LT Buy Disclosure: Held
