don't get emotionally attached just yet, page-8

I wish the company all the best and I also wish the shareholders all the best.

oil/gas sector is without any doubt in my mind the most unpredictable sector.

I've seen companys with the best acreage, with the best personal, with the quality 3D seismic survey.

in terms of getting emotionally attached.

A) should it be pre-drilling.????

B) should it be post drilling with significant discovery/ commercially viable.????

I know where my money would be much more safer in the A or B questions.

lets face it, how many people on this AQO thread are actual geologists and know all about this type of play.

also....

why in the friggin hell did AQO farm-out to such a minor company Outback Energy Hunter Pty Ltd.

I don't see them listed.

they gave them 70% of a potentially large resource for a miserly $50MM.

do we have to wait until Outback Energy Hunter lists on the ASX so they can raise the funds.?????

The Heads of Agreement provides for the parties to negotiate a fully termed farm-out agreement
under which Outback Energy Hunter will agree to pay all costs (including funding Ambassador’s
remaining 30% share) associated with the exploration work program to satisfy the first 5 year term
of PEL 570 up to a maximum of A$50 million. The work program includes the acquisition of 500
square km of 3D seismic and the drilling of three wells.

why not a "super major" like other companies have in this region.

i'm not going to say what I am actually thinking about this deal, I will only say it should have been a lot sweater especially with dollars. $50MM in this industry will buy you virtually nothing.

this is a classic like many other stocks "leave your emotional attachment at the front door".

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