I hate to be saying this, because usually I despise the cross-promotion, but if this take-over goes through and AUT gets gobbled up (which one would think to be the case), SEA is looking pretty good to be the next Eagleford Prince on the ASX.
SEA's Production should be averaging ~6,000 boepd in Q2 (a dozen odd horizontals are coming online as we speak), and they've strategically placed themselves in a high quality area where leases are available (through lease expirations or financially troubled neighbouring companies).
I'm biased of course, but it's worth checking out though.
It won't produce me gains like AUT did, but it's been a treat so far and I'm in for the long-term!
AUT Price at posting:
$3.99 Sentiment: None Disclosure: Not Held