Large Portions , You are being disingenuously negative when you...

Large Portions ,

You are being disingenuously negative when you say "I also remember McClendon was facing charges at the time and it is debateable whether the farm-out would have been productive."

Don't forget the conventional prospectivity in the N.T. which Armour gave us a glimpse of when they penetrated the Coxco Dolomite and flowed 3 mmscf/d for a short period . Look at the size of the Urapunga High on Imperials acreage and contemplate the potential size of a conventional reservoir under the Barney Creek Formation :-

http://www.asx.com.au/asxpdf/20130912/pdf/42jb5qdz7fkzr7.pdf  see page 18 .

Once frac'ing is back on the table , individual exploration wells could target both a conventional target and as a fall back unconventional targets .

I don't see that Armour have done any better than Empire since the farmouts fell through and the frac'ing moratorium was imposed .