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Austin Engineering Ord Shs V.ANG


Primary Symbol: AUSTF

Industrials
Austin Engineering Limited is an Australia-based global engineering company. The Company is engaged in designing and manufacturing of loading and hauling solutions, including off-highway dump truck bodies, buckets, water tanks and related attachments, supporting both open-cut and underground operations. Complementing its proprietary product range are repair and maintenance services performed in its workshops and on clients' mine sites, and spare parts. Through its own design and engineering IP and range of tailored products, it delivers solutions for all commodity applications and drives efficiencies in productivity and safety in both open cut and underground mining operations. It has partnered with mining companies, contractors and original equipment manufacturers to create engineering solutions. It has operations around the world in Queensland Australia, United States, Chile and Indonesia serving many of the major mining sites in the world both directly and through local partners.


OTCPK:AUSTF - Post by User

Austin Engineering Ord Shs
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Comment by shambanoon Dec 19, 2005 11:04am
174 Views
Post# 10044186

RE: Deeper test well

RE: Deeper test wellWith the current discount to NAV, which I believe is well over 1.00; the deeper well is not priced into ANG's share price IMO. I don't believe ANG needs this deep test for the shares to go higher as long as their shallow program continues to grow production, but a nice hit in the deeper zones will go a long way to getting ANG share price well over 1.00 in a hurry, and it will lay the groundwork for a new development program for the deeper zones in 2006. With more options ANG will have more flexibility to pick and choose high payback wells based on logistics, locations, and hookup etc. With oil over 60 US if pays to find oil as well as NG. Good luck all ADYODD
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities