farm out with ambassador oil and gas, page-6

IMO I think 20cent opening price for AQO will drop on listing.

My reasoning behind is that yes they do have access to very promising Gas/Oil Fields that SXY is involved with.

But they have to pay 100% of the exploration costs as part of the farmin arrangement.

So I think they are a a good share to get exposure to Cooper Basin, but not @ 20 cents.

This is IMO - Happy to be proved wrong