We are all waiting for some good news but its like getting a contract to build your new home. One has to cross the "T's" and dot the "I's". There are 10's of lawyers and bean counters from both sides working across this deal. ( and thats not to say that it may not be a multiple farm in ) Heres a message i received recently from AQO headquarters:
"Hi .....,
Thanks for your note. It is certainly our intent to be finalising a deal this financial year.
These things always take longer than you want them too!
Best regards,
Tino"
When a deal is brokered drillrigger wont be selling out. I am in for the long run. Back to the Stuart Petroleum days. Now is perhaps the time to buy up.
AQO Price at posting:
24.5¢ Sentiment: None Disclosure: Held