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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - ambassador firms up cooper basin unconventiona, 10986918, 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

I especially liked this:"From our data set we know that we are...

  1. invertedva
    3,719 Posts.
    lightbulb Created with Sketch. 114
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    12/11/12
    12:06
    Post #: 10986918
    I especially liked this:

    "From our data set we know that we are ready to do pilot production wells and we are looking for investment in the vicinity of $50 MM to move ahead with this," he said.

    Sounds to me that they know exactly what its worth, and will not willing to accept a low ball offer just because they are minnows. It may explain why a deal is taking a while. Because of low cash burn and high cash, they have the luxury of waiting for the right deal (unlike many minnows).

    AQO is my favourite stock at the moment.
    AQO Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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