""The Heads of Agreement provides for the parties to negotiate a...

""The Heads of Agreement provides for the parties to negotiate a fully termed farm-out agreement
under which Outback Energy Hunter will agree to pay all costs (including funding Ambassador’s
remaining 30% share) associated with the exploration work program to satisfy the first 5 year term
of PEL 570 up to a maximum of A$50 million. The work program includes the acquisition of 500
square km of 3D seismic and the drilling of three wells.""

this deal is a..e up.

it should have been the other away around.

AQO..70%/Outback Energy Hunter 30%.

ask the following (exclude directors)

for example:

what is there (Outback Energy Hunter) track record as a company.???? has this company ever drilled at well.????

have they any prior success..????

are they listed on any stock market.????

how long has the company been registered.????

what is the companys net worth.????

Outback Energy Hunter are smelling like roses, especially if the company has no prior success.

..