Clearly offers were inadequate. I assume SXY was one of the...

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.