I expect more details will be outlined in the coming Qtly about the great strides made in increasing gas and liquids production in the Surat. A professional little outfit in my view. Don't forget the massive potential of the Carpentaria Basin tenements - much greater than the paltry market cap currently attributed to AJQ - at under $40m.
These are experienced and competent operators and the BOD also. Carnegie might have their bottom lip out a mile at the moment but it is just creating good buying opportunities for those with a longer term view who can see the potential.
AJQ Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held