chevron set to take beach gas stake, page-2

Thanks OilyMan, not hard to see AQO is in a VERY VERY good position. AQO is cashed up with over $8 million cash and leases in the cooper basin that are surrounded by Billion dollar companies.

AQO's PEL 570 lease will have the attention of the majors and now its pretty much up to how much they are willing to pay.

Breaking down BPT's ann today you can see Cheveron is paying just under $300 million for a possible 60% stake in PEL 218.

With AQO only having a market cap of around $28 million its not hard to see the significant value this PEL 570 may release to AQO shareholders.

Excited to see what comes of the current farm in negotiations.