I agree heraclitus.
IMO 50c would have been fair value but its unfortunate the SP has lagged in the teens for way too long.
For me its time to move on. AQO as it was would have remained idle for at least another year while lead up work to drilling was in motion.
At least now we can either stay put in DLS or move on and buy into another investment.
Im looking at a company due to be listed in a few weeks.
Have a look.
http://ap-oil.com/
I think this one will do very well as its picked up acerage very cheap.
http://ap-oil.com/prospectus/
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