AQO DLS

Ann: Drillsearch Agrees to Acquire Ambassador Oil, page-26

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  1. g12m0
    1,632 Posts.
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    05/06/14
    14:40
    Post #: 13466384
    re: Ann: Drillsearch Agrees to Acquire Ambass... NSE selling down on PEL570 according to latest NSE Presentation. I couldn't see how NSE can afford to fund its Farmin commitments on PEL570 given its market cap is just around $50m. It might be that Drillsearch increases its position in PEL570 in exchange for Drillsearch funding exploration in PEL570.
    DLS Price at posting: $1.51 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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