I'll say they will sell a 60% share in the venture and will relist around $2.40
AED is not a good one to sell on open in my oppinion.
With a know big JV partner, and with solid research in pumping oil out of the timor region, I would expect things to move a lot quicker than they have now.
So for me...I will be holding and not worrying about daily fluctuations as I see AED as a $5 share pretty soon.