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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - chevron set to take beach gas stake, page-2 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO
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0.00% 27.5¢ ambassador oil and gas limited

chevron set to take beach gas stake, page-2

  1. LV50
    8,134 Posts.
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    25/02/13
    19:47
    Post #: 11464618
    Thanks OilyMan, not hard to see AQO is in a VERY VERY good position. AQO is cashed up with over $8 million cash and leases in the cooper basin that are surrounded by Billion dollar companies.

    AQO's PEL 570 lease will have the attention of the majors and now its pretty much up to how much they are willing to pay.

    Breaking down BPT's ann today you can see Cheveron is paying just under $300 million for a possible 60% stake in PEL 218.

    With AQO only having a market cap of around $28 million its not hard to see the significant value this PEL 570 may release to AQO shareholders.

    Excited to see what comes of the current farm in negotiations.
    AQO Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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