Sounds like several people looking to farm-in. Given SXY have been blocked by DLS in getting more of ACN, they might be interested in 570 to expand their unconventional gas assets. Pure speculation of course...but there is significant cash out there.
The cash position is very healthy. They burnt some cash this quarter, but next quarter the expenditure is very modest, meaning cash could tide them over a long time while they wait for suitor.
Oilyman, does some of that volume strike you as suspicious (i.e. trading between accounts)?
AQO Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held