I think you summed up ARQ well and I am sure that Eric feels the same. I always thought that the onshore Perth basin was too small, ARQ picked the low hanging fruit well (easy to say in hindsight) but no where to go.
Hence ARQ corporate dealings made sence unfortantly the Wandoo assest, ADI and Yemen didn't work as expected. Due to drilling/geology problems the CB didn't either. Hence the takeover.
Going forward Buru Energy looks good and I might even buy a few PA for the NSE exposure.
cheers
PC43
PS My drilling delayed until next year if you didn't know.
ARQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
