I don't think AQO need to, or will, seek other assets.AQO is...

I don't think AQO need to, or will, seek other assets.

AQO is being buffed while the buyers circle it and assess and reassess it.

The value of AQO will become more readily apparent as SXY flow rates (for horizontal wells in prime location - eg Panning 2) become available and are progressively improved upon...

And AQO will be rerated based on SXY success and/or its takeover later this year.

AQO have one bite of the cherry. They have to make sure that we shareholders get proper/due value for the asset, without holding out long term because they are too greedy. With this positioning in mind I still see lots of upside from the current price. The international majors want to have a foot in the Cooper Basin, as part of their global diversification (risk minimisation) strategies.

Sometime soon I believe, a major (the winner) will commit to take part or all of AQO. Even if AQO is taken over at a price of 50c per share, the major that secures AQO will have a very good deal. We have a very good asset...

But the wait is dead boring!