It was indeed a very professional presentation. I also liked Richard Cottee"s (CTP) and Ian MacFarlane's (CEO QLD Res Council) presentation. They both had a go at the bureaucrats.
I had a few favorite presentations and AJQ was among them. AJQ is concentrating on the Roma shelf. They need partners for the Northern tenements. They want to drill 3 more wells until mid 2019. They are excited about their 1st Myall Creek well. Everything went well so far, fingers crossed. Should have results by mid August.
15 % CN 375 Mio @ 11cts (Sept 2019). Bond holders can make the call. Obviously DGR and NM will support conversion unless there is a major stuff up somewhere. We have to wait and see what happens.
The Charts say there is resistance @ 10cts and 11 cts. From there on there should be lots of upside. I guess if we get good results in Aug from Myall Creek, we should clear resistance and then we should also be closer to conversion. But I just asked myself why would they convert now, they will still get 15 % interest in the meantime.
There was also a little bit of talk about Uganda. There could be a backdoor listing in 6 - 12 months. DGR holds the key there. Talking about DGR, 15 minutes is not long enough to go through everything in a presentation. Management is upbeat. Ecuador looks very interesting. SOLG's MRE out in a few months. JW showed some cores from ALPALA. Auburn might be listing in 2018 (Hawkwood Project Area is probably their first go area)
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