estseon the way i see it aut is trading at 1.5 to 2 times adi...

estseon the way i see it aut is trading at 1.5 to 2 times adi because i believe a large part of the market is not aware of the significant acreage position aut has (4 times).this should start to change early next month when a brokers research report is done & a marketing campaign is under taken ,after this i think aut will be trading closer to 3 times adi.on risk longhorn & ipanema are extensions of sugarloaf on a NE direction & surrounded by majors getting great results.what will also help the cause is when the first well is drilled on longhorn which i think won't be to far away.