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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO)SENEX ENERGY LIMITED (ASX:SXY) - Ann: Ambassador to focus on PEL 570 , page-5 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO SXY

Ann: Ambassador to focus on PEL 570 , page-5

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  1. invertedva
    3,719 Posts.
    lightbulb Created with Sketch. 114
    clock Created with Sketch.
    03/12/12
    12:10
    Post #: 11138948
    Clearly offers were inadequate. I assume SXY was one of the parties negotiating for PEL570.

    Sensibly, AQO have sent a signal to the market that they won't give away land cheaply. This also demonstrates that they have the cash to go it alone, at least on an initial vertical well.

    Good move. As suggested, it might actually bring a serious bid out of the wood work, or even a takeover offer.

    I love this stock simply for the upside and strong cash position.
    AQO Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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