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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - fin review to talk up takeover tomorrow, page-13 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO
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0.00% 27.5¢ ambassador oil and gas limited

fin review to talk up takeover tomorrow, page-13

  1. invertedva
    3,719 Posts.
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    30/08/12
    09:33
    Post #: 10644682
    Won't they need to drill an exploration hole first?

    GIP and 'nearology' is impressive, but you'd think a potential acquirer would want more hard data before paying >$20 million.

    Also, are AQO in any position to drill a deep shale well themselves? If not, they will be a weakened bargaining position, at least for enticing interesting, either in a takeover or a farmin, in the short-term (i.e. this year).

    These are genuine questions after someone cross posted on another thread.
    AQO Price at posting: 9.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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