News: ATS Australis Oil & Gas Seeking Commitments From Investors To Raise Up To A$30.5 Mln, page-41

SG, ATS have never said they have any wonderful amazing super news around the corner re drill flow results. They are your words! Nobody has any idea of the results until the wells are completed and have 30 days flow rate measured. They have always said their aim is to try and match the average last 15 drill hole production performance of Ecanna at todays cost base. Also even today as we speak nobody knows the flow rates of wells 3 & 4 they are not finished yet. Nil flow is happening at the moment. By the way your few more days is in actual fact about 7-10 days to complete the fracking process plus another 30 days flowing before they can legitimately release the data. This is a highly regulated and independently monitored process. Please read and understand the processes of fracking and understand there is very strict governance in place in this highly regulated industry. 

On dilution the facts are that existing share holders today should be grateful that the corporates and sophisticated investors paid 35 cents for their shares not the 24 cents that you can buy them at today. Don't forget there is now another $30.5 Mill in the company. That is called positive dilution which is very good for existing share holders. That is exactly what happened in this transaction. FACT!