That quarterly was both a message to Outback (hurry up) and to other interest parties (match the offer and we might consider it).
A little frustrated by these sorts of situations where the bidder/farminee drags things out to reduce there own risk (i.e. waiting to see what the sector and nearby well do in the meantime). Similar thing happening to TSV/MKE. But the acres are still good, and the cash position very strong thanks to low cash burn. We can ride it out and wait for the right deal.
AQO Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
