I should add, if the terms of the NSE-AQO farmin agreement cannot be fulfilled, the assets will revert (to some %) to DLS, should they get control of AQO. This, from DLS's perspective, may more than compensate for the loss of farmin cash. After all, DLS know the geology of the area better than anyone because of the seismic that's been done. The problem with waiting for NSE to default on their farm-in agreement, is that a lot of time is wasted. So I wouldn't be surprised if DLS and NSE directors are not having a few quiet little chats.
AQO Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
