another very good news, they are still sellin , page-12

why couldn't AOE simply make a placement of shares to Shell - eg at say $3.00 or $3.50.
they can issue up to 15% without s/h approval each year.
placement would need to be under FIRB limit of 15%.
providing placement price is well above CMV, no one will complain.
it would also put a floor under AOE SP.
it would then give AOE more cash to fight off BG.
if AOE get PES reserves at a reasonable price, it will be value accretive for AOE.
cheers