DLS is late for the move. MHR will not give up easily, page-28

Interesting tug of war for AQO by DLS & magnum.

It's all about Ambassador's PEL570, majority of which sits smack bang in the Patchwarra trough & has a decent 'deep' unconventional play (ie thicker coals as well as tight sands/shale). Innamincka had the surrounding tenements where Crocus South is located. Santos retains the surrounding blocks with its Lamdina, Cuttapirrie & Bookabourdie fields.

Furthermore block 570 is sandwiched between 514 (A&B) where Senex brought in Origin to stump up $252m to drill 15 wells + seismics in late Feb'14. Will b interesting to see DLS's response.