I think is a fair comparison. They are targeting the...

I think is a fair comparison. They are targeting the Patchawarra. In the following map, Daer is directly adjacent to Pel 182.

http://www.misa.net.au/__data/assets/pdf_file/0008/153386/204088-001_poster_2.pdf

DLS have got another chunk of the Patchawarra to the east of PEL 570 through their takeover of ACN.

Bit of a land grab going on. BPT and ICN have locked up a fair chunk of the Nappamerri trough, forcing SXY and DLS to look to new pastures for exposure to shale/unconventional upside.

All bodes well for AQO. They can just sit back an let the action come to them.

If SXY are paying that much, you'd think that getting 50% of PEL 570 on the cheap through some sort of farm-in would be somewhat enticing.