merger dead in the water, page-6

A quick $6 million less adviser and lawyer fees, and back to business. This improves the leverage to near term drilling in Perth Basin and Canning anyway, so while the long term certainty in having more long life assetts (and additional exploration assets) would have been good, I don't mind the improved exploration success leverage in the short/medium term, and any success could put Arq in a better position in the end.