One further thought is that once the Egilabria gas field is confirmed they will be able to farm out at a pretty penny.
Remembering that peer CTP (Central Petroleum) farmed out their Qld ground recently for approx $36/Acre with essentially no discovery and no infrastructure to company Total, the French Oil/Gas Major...
Where as at the other end I think Beach Petroleum recently Farmed out ground in the Cooper basin for $500+ / Acre but there is much more certainty and infrastructure in place there... In the US there are areas which are valued a many $1000's per acre ie Eagle Ford/ Backen etc
As a company AJQ is still in its infancy currently valued Sub $5/Acre I believe...which is the lowest or near the lowest of the Australian industry... So you could say we have plenty of room to expand valuation from here.
All is IMHO DYOR
AJQ Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
