You said; "Time will tell but my gut says stay away"
If you are doing the things by what your gut says, you are in trouble. I never listen to my guts. I make research and listen to the facts.
By the way EOG Resources is an US company with market cap of $43 billion.
Here is the facts. There are more of them about the Cooper basin assets. I am still working on them. The Cooper Basin assets are great. Nearly proven resources over there.
Ambassasor O&G was looking to farm this out for some time. This is a very good asset. It's at the middle of one of two main basins of Cooper Basin.
NSE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held