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
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