20 trillion cubic feet of gas!, page-5

i've only just recently looked at AQO..

it's always good to see a stock with huge potential.

correct me if i'm wrong in anything below.

at this point they've done some "desk top studies", which has enhanced the upside of potential gas.

with my limited knowledge with this stock. i'd imagine the next phase will be 2D seismic survey over PEL570 project.

once that's been studied/analyzed/interpreted hopefully they'll have some decent targets. lets say 5 or so potential high grade targets for hydrocarbons.

the next phase would be 3D seismic survey over those 5 targets.once that's been studied/analyzed/interpreted this would give them the ultimate drilling position.

correct me if i'm wrong thus far.

so where does the above put AQO.

1) seismic work can cost million & millions of dollars.

2) they commission and pay for 2D.

3) once the data has been studied/analyzed/interpreted, they may open a data room for potential JVP(s).

4) commision 3D seismic survey, once again when it's completed it must be studied/analyzed/interpreted .

5) if the above is correct, drilling is a long way off at least 12~18 months+. this includes JV negotiations.

6) for the size of the project it shouldn't be hard finding a major with deep pockets.

well that's my 20 cents worth, nest wishes for the future.

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