Ambassador is currently in discussions with a number of parties which are seeking to farm in to the permit to exploit this significant unconventional gas resource. Ambassador expects these negotiations to continue in the current quarter. If successfully concluded the farm in process has the potential to create substantial shareholder value.
re the above, big chance that large capped companies interested..the bigger the better, someone like Santo's who knows the area like the back of their hand.
one would expect that they'll farm-out, even if they do AQO will be sitting pretty, upside unbelievable..
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AQO Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held