Im still confused as to why AQO is at these levels and not 30c plus!!!
The following from the Financial Report Overview......
The deal, representing an implied value of 27 cents per Ambassador share (not including cash reserves and USA acreage), also delivered to the joint venture the expertise of US shale industry pioneer, Magnum Hunter Resources Corp (NYSE:MHR), in the search for the high liquids content/low CO2 gas targets known to exist in PEL 570. Magnum Hunter is the largest shareholder in New Standard Energy.
Ann: Financial Report Overview , page-2
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