Been spending quite a bit of time trying to join the dots on yesterdays news.
What I've found out is Outback is wholly owned by Pathfinder Energy.
Website.
www.pfenergy.com.au
Looks like Pathfinder is putting positions together in Australia.
IMO the connection AQO are most interested in is Fowler (OEH/PFE) and Evans CEO of Magnum Hunter. I've found out Evans and his VP are keynotes at the DUG conference in Brisbane in 2 weeks. Their bios are at the link below and very impressive.
www.dugaustralia.com
I've also got a Gas and Oil contact who knows of Ian Boserio of OEH/PFE and he tells me he is no slouch either.
Magnum Hunter (mark 1) cracked the shale in the US and was sold. Evans & his team reformed Magnum Hunter Resources (mark 2) and listed on NYSE. They just sold a position in the Eagleford for $400m. They are moving to the Utica shale now.
Web site below
www.magnumhunterresources.com
IMO be patient. These guys know what they're doing
AQO Price at posting:
14.5¢ Sentiment: ST Buy Disclosure: Held
