AusTex Oil Ltd fka ATXDY

[ashy2classy]

"Heavy" buying on the ADRs today...good production update.

[ashy2classy]

ATXDY is ADR shares of AOK.ax...50:1 so AOK.ax is .20 and ATXDY is $10.00

[MWM]

Looks like it was a 50/1 last april...

[MWM]

Well it used to be a .20 stock, now it's almost $10, i assume there was a r/s somewhere...

[ashy2classy]

R/S????

[MWM]

What size was the R/S here?

[RickKayne]

What's going on here

[swanlinbar]

Just came home & i'm a Millionaire! lol Up 1,857,042.86% today!

[swanlinbar]

Five Of The Fastest Growing E&P Companies 5) Austex Oil (OTCQX:ATXDY)

Austex Oil is unlike the above four stocks mentioned because it primarily trades on the Australian stock exchange using the ticker AOK AU. It also trades in the US on the OTCQX exchange using the ticker ATXDY. Austex is actually the fastest growing company of these five, projecting growth of ~300% in 2014 after achieving unbelievable 500% growth from the start of 2012 to the end of 2013.

Interestingly, despite being the fastest growing, it also trades at the lowest multiple of its proved reserve value, likely because of its foreign listing, despite having entirely US assets, in the Mississippi Lime play in Kay County, Oklahoma. Austex trades for 1/3 of the value of its most recently reported proved reserves. Yes, that is 1/3 not, 3x (or 10x+ like Gulfport...). Austex also trades at ~3x its 2014 EBITDA (based on company projections), which is a lower multiple even than Triangle, and less than half the multiple GPOR, FANG and MHR trade at. Not surprisingly, I own shares of Austex Oil. Here is a link to an article that discusses Austex in more detail (link).

[ashy2classy]

Great day, today!

[SweetBlackCrude]

Nice reserves...this is starting to get noticed....

[Jordantrae]

http://m.seekingalpha.com/article/1938351 I have no position here, just read the article, noticed the board didn't have it posted and figured I'd do it.

[RickKayne]

I can't figure why this one is such a yawner. Out for now. Want back in soon.

[RickKayne]

This should move today. Stinks I don't own any right now, yet still follow regularly.

[RickKayne]

Good move.

[RickKayne]

Correction..What I meant to say was it's to list on the TSX Venture Exchange. Tomorrow.

http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1487-10000000/AusTexOilLimitedtoListontheTSXVentureExchange

[RickKayne]

Listing on the Vancouver (soon) as well as the current pinks and Australian.
The Vancouver should add someone eyes and turn into more liquidity, popularity. Miss Lime is growing strong. Austex continues record increases.

[RickKayne]

Looks increasingly strong.
http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1485-10000000/AusTexdeliversrecordAprilproductionof18897BOE

[RickKayne]

Back in today. Plan to hold for a minimum 1 year.

[RickKayne]

Almost time to get back in!!
Just need one thing..

[Lenard]

Cooling Tower Because company is listed on the Australian Exchange currently range of .14-.18 pps and a U.S. Exchange (OTC) 7-8.00 range

[Cooling Tower]

I understood that, thank you.

With my lack of experience, what was concerning me was why would they do that.
Also, ATXDF does not seem to be attracting any attention. Its not listed on the website.
The price is right at the 50:1 ratio.
So, I'll just watch and learn from here. Thanks

[RickKayne]

Looks like it was already explained.
The two tickers represent the same company. Companies trade on different exchanges.
Do you want a whole pizza or 1/50 of a pizza, feel free to choose between the tickers.

[Cooling Tower]

I would very much appreciate if someone knows and can explain why this company has two tickers.

Did anyone take notice that on the second of April this year over half a million shares were accumulated on a stock that usually sees no volume (ATXDF)

[Cooling Tower]

I dont understand why there are two different tickers for the same company, trading at a 50:1 ratio in the OTC market.

If Joshua Young is right about AusTex being undervalued at least 3x its current trading price, does that mean ATXDF should be valued at 45-50 cents?

Sorry guys, I am a newb

[ashy2classy]

ATXDY = ADR shares which = 50x AOK.ax/ATXDF

[Cooling Tower]

Would someone kindly explain why ATXDF is trading under the same News PR's and website information as ATXDY?

Whats the difference?

Thanks.

[ashy2classy]

Nice interview with Josh Young...

[RickKayne]

I'm out for now. Had to pay tax bill.
Will get back in soon.
Selling winners hurts, but tends to be where the money is located.
Lol.

[RickKayne]

Along with stringent reporting requirements for natural resource companies, I take it they halt on the Aus for reserve announcements.!?

Well it was good news.
This stock needs to be poked with a stick.

[kelsosfriend]

Any thoughts on the halt?

I was able to trade ATXDY today.

AUSTRALIAN COMPANY NEWS BITES
SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE
The securities of Austex Oil will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on Tuesday, 19 March 2013 or when the announcement is released to the market.
Source: Morningstar
News Provided by Acquire Media Corporation

[RickKayne]

http://www.austexoil.com/IRM/ShowDownloadDoc.aspx?SiteId=306&AnnounceGuid=40f3be8b-32f6-4bca-9bc3-cd1c23de7c7a

[RickKayne]

http://www.austexoil.com/IRM/ShowDownloadDoc.aspx?SiteId=306&AnnounceGuid=05be83eb-c37a-48ac-a314-fded4e1212b0

Still doing well.

[RickKayne]

Update. This group is cranking!!
http://www.abnnewswire.net/press/en/74570/AusTex_Oil_Limited_(ASX:AOK)_Production_Growth_to_Continue_at_Snake_River.html

[RickKayne]

Finally some smart investors are taking notice... The ATXDY (i own) which basically the same, had some nice buying today. Keep it going in the OK and KS Mississippian Lime!!

[WildcatDriller]

Yes, this is a well managed company. I like it alot.

[RickKayne]

Awesome Austex

http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1429-82059649/AusTexreportsrecordproductionforDecemberQuarter

[RickKayne]

Update.
http://www.proactiveinvestors.com.au/companies/news/38204/austex-oil-adding-another-oklahoma-oil-and-gas-producing-well-38204.html

[RickKayne]

Underwhelming volume. At some point a big rally ahead.

[RickKayne]

This company has to much going for it to have such a quiet board.

[RickKayne]

I wouldn't be surprised if this continues to fly under the radar for another year or less, then Range Resources buys them out IMO.

[RickKayne]

$40,000 operation profit per day,
Projected 1000 bpod by early 2013.

This is a great idea.
http://www.proactiveinvestors.com.au/companies/news/36597/austex-oils-dan-lanskey-outlines-1000bpd-production-goal-at-stars-in-2012-36597.html

Production all in the central USA!

[Excalibur39]

Austex mentioned in this article....

http://www.redherring.com/finance/american-innovation-advancements-affecting-us-oil-economy-jobs-and-investment-returns/

BTW, go and have look at Petro River Oil or Gravis Oil (GRAVF)...

UP 30 percent yesterday...

EX

[RickKayne]

The US Will Be The World's #1 Producer Of Oil Before 2020, And A Net Exporter By 2030


Remarkable.

http://read.bi/ZtyNoe

[RickKayne]

I'm shooting for 11.00 on the Atxdy fairly short term.

[RickKayne]

ATXDY represents 50 shares.
Austex knows what they are doing!
Going to be big! IMO

[RickKayne]

http://www.austexoil.com/irm/Company/ShowPage.aspx/PDFs/1414-51278311/AusTexreports2ndMississippiLimeHorizontalWellSpudded

[RickKayne]

This company continues its flow of both information and resources.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=93488

[RickKayne]

This has all the ingredients to go parabolic except liquidity. Get in - using limit orders only. Don't get punk'd by the MM.

[RickKayne]

From my viewpoint as an investor, they have done everything right so far.. Great updates, disclosures, and overall management. Not to mention production.