*dongara 31 arranoo oil & gas appraisal well spuds, page-8

re: cross trades If arq is undervalued, then it must be attractive to potential suitors, especially with strong sentiment for oilers. If not Origin, then another. Eric Straitberg has been taken over before, I forget the name of the company, so why not again.

Its difficult to predict the short-term trend for arq, so many have tried before only to be contradicted. The buyers hit it whenever there is weakness in the sp. At the moment, seems to be consolidating in a new trading band, at it has periodically done on the way up from 9c some 2.5 years ago (now there's a good long-term trend.

In the meantime, I continue to hold.