Ann: Sugarloaf Operations Update , page-8

Petty excting one of my other aussie juniors is doing frac jobs in the bakken shale in nth dokota and they pulled off a 32 stage frac flowwing at 1421 boepd predominantly oil. Exciting what morgan could bring if it all comes off, we could be looking at 1500boepd = 150net to AUT = $2.5M+ p.a

all speculation till then, but AUT is looking pretty cheap with LH and IP about to start. The market seemed to show that today. Soon some comrades from ADI might be jumping on the AUT express.