What is good for SXY is good for AQO. Aricle on SXY in today's AFR below. SXY drilling near AQO leases early in new year should prove catlyst for upward move in AQO price if there is not a takeover offer for AQO beforehand.
Appears that current lack of news from AQO is causing AQO price to drift.
AFR article: Senex well on the way
Senex Energy reported 53 metres of net gas pay from its Kingston Rule-1 unconventional gas exploration well in the Cooper Basin. Managing director Ian Davies said the results confirm Senex’s confidence in the potential in the southern Cooper for tight gas, shale and coal. The well will be fracked and tested in early 2013. Angela Macdonald-Smith
AQO Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held