So let me get this straight,
AQO $29 million market cap
$9 million in the bank
20 TCF inground resource
STO, SXY, DLS and BPT all surrounding our lease
AQO has been open to potential offers from farmin partners for a while now and is said to be progressing very well.
EV only $20 million
BPT just signed a deal with Chevron to farm into their lease for just under $300 million for PEL 218 for a potential 60% interest.
No brainer imo.....
Look forward to hearing how the process is going as it could be anyone of the Majors i have listed above that could potentially be our farmin partner.
Great upside to be had here imo.
PEL 570 AQO, GREEN
PEL 514 SXY, BLUE (Producing)
PEL 101 DLS, YELLOW (DLS took over ACER for this lease)
PEL 218 BPT, RED (Just sold 60% for just under $300 million to chevron)
and LIGHT BROWN LOOKS TO BE STO production leases
Looks like a no brainer to me.....?
So let me get this straight, AQO $29 million market cap$9...
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