grab the cash

Hi all

People, remember, that when they issue all those shares to TRITON about 1.4 mill. Triton shareholders will be the majority holders of AAE.
TRITON is a private company based in Singapore. This option to acquire Triton is more or less a back door listing to our stock exchange
I reckon this to be a good thing, because they would not be selling too soon. Which means AAE will be tightly held.

I found this snippet of info on the first drill. chance of success: 19%

PROSPECT SUMMARIES

The first well in the 2011 drilling program is targeting the Itheria prospect. The planned total depth of the well is 3200m, and it is expected to take 66 days to drill, on a dry hole basis.
Prospect summary:
- Closure type: four‐way dip closure
- Primary reservoir objective: Ordovician Khannaser sandstones
- Secondary reservoir objective(s): Ordovician Affendi sandstones, Upper Cretaceous Hayane
dolomites
- Source: Ordovician, Triassic and Cretaceous source rock potential
- Planned total depth: 3200m TVDSS
- Geological chance of success: 19% (RPS estimate)
- Comments: Flanked by oil and gas discoveries to the south and east. Up‐dip from Mudawara,
Habari, Al Saqr and Habarja wells which had both significant shows and reservoir.
- Risks: Amount of erosion below the Cretaceous unconformity (Rutbah) is uncertain. Potential to
erode some of the Triassic source rock, or even Tanf shale cap rock. Poor deep well control.
And then the next well back to back the Bashaer prospect.

There is more to find DYOR

IMHO I think it is too quiet S/P wise and news wise!