Ann: Sugarloaf Operational Update , page-5

The disparity could be due to a large sell orders. I suspect the sell orders might come from the people who have exercised the options and needed the money to cover costs. i.e. the need the money to exercise the options. Ipanema (5000 acerage to AUT) is most certainly producing because it is so close to Sugarloaf. So in the very least AUT should have a market cap twice of ADI. ADI has about 5000 acerage. AUT has 10000 acerage with Sugerloaf and Ipanema combined. Aut however have Longhorn as well (about 10000 extra acerage). So the upside is quite substantial. Longhorn is very likely to be productive (due to the producing wells all around). Furthermore, Longhorn is closer to the oil producing region. AUT the market cap should be at least 4X ADI. At the moment it is only 2X ADI. I am tempted to buy more at this level. I have sold my ADI to buy AUT. It is just simple maths. I suspect most people did not understand this.