I couldn't find a reason for the rumored merger until now.
The-Canning-is-a-flop,-quick-let's-merge. doesn't cut it.
So, what about the opposite? The ARQ team realises, the Canning is going to be that big, they'll need both hands.
But what about Mali? Now, the Mali acreage is as large or even a little larger than the Canning's. ARQ can not handle the Canning and have a meaningful stake in Mali at the same time.
I think in this context a merger would be ideal for both AWE and ARQ.
ARQ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held