Not sure what AJQ put $$ wise into the project 2 years ago...

Not sure what AJQ put $$ wise into the project 2 years ago however, it looks fair they keep 16.5% of the project for carrying it thus far and its been draining their cash flows since 2015 (As far as I can see back )

Oil price and demand has lifted as too has the investment within the region so I think its a good deal for DGR !
Sticking to the DGR business plan, they paid nothing for it and acquired a highly desirable project in up and coming region. SWEET ! - Although its going to cost DGR about $4m over then next 2 years to keep the project.

DGR has decent reserves in listed companies to leverage this new project forward and a new 20c facility for $10m. NM made his money in Hydrocarbons and this project looks right up his alley and i'm guessing NM did not want AJQ to offload it to someone else. DGR still holds about 30% of AJQ anyway so the 16.5% is negligible IMO
If AJQ needed to offload its projects I would have prefered they sold Ripple to DGR. This purchased has allowed DGR to have its own listed "Potential" Company maker, rather than waiting for one of the sub companies to perform only to see no rise in the DGR shareprice.
For example AJQ have not had the exploration licence granted however DGR/AJQ have just concluded negotiations with the UG Gov. are hopeful of an imminent granting (Sept) .... When granted it will be 83.5% owned by DGR !

This has reinvigorated our confidence in DGR !

*Changed sentiment to Hold from sell !