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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - sxy's value pel182 at $100m, page-2 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO 0.00% 27.5¢ ambassador oil and gas limited

sxy's value pel182 at $100m, page-2

  1. 3,719 Posts.
    lightbulb Created with Sketch. 114
    I think is a fair comparison. They are targeting the Patchawarra. In the following map, Daer is directly adjacent to Pel 182.

    http://www.misa.net.au/__data/assets/pdf_file/0008/153386/204088-001_poster_2.pdf

    DLS have got another chunk of the Patchawarra to the east of PEL 570 through their takeover of ACN.

    Bit of a land grab going on. BPT and ICN have locked up a fair chunk of the Nappamerri trough, forcing SXY and DLS to look to new pastures for exposure to shale/unconventional upside.

    All bodes well for AQO. They can just sit back an let the action come to them.

    If SXY are paying that much, you'd think that getting 50% of PEL 570 on the cheap through some sort of farm-in would be somewhat enticing.
 
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