cannot take a trick, page-3

Too many positive yet ambiguous results will leave Arq open to a takeover for any company wishing to move on Arq's Canning acreage during the wet season drilling lull. The next well, while excitring in terms of reserves and possible better reservoir updip, is likely to be ambiguous and may need fraccing or horizontals for production, so there is little to drive the price other than the offshore Perth Basin wells in the short term.