junior oilers...... full version, page-8

  1. 1,317 Posts.
    Hi opt,

    Thanks for comments. Your question about AYO and whicher range mirrors one I have just posted about an AWE announcement today farming out to Mitsui some of its Bassgass assets to fund development commitments in Perth Basin. Hard to say whether market will judge move as a loss of potential revenue or a smart diversification play. On AYO, whicher range development is a real sleeper ie. has the potential to add significantly to AYO sp strength and has been long awaited. So I would guess that announcement would have a positive affect and could contribute to pre drill price rise. But main influence IMO on AYO will be reports of continued growth in gas sales from Gocerler and results of drilling program about to get underway and I think that will continue to be the case. I don't hold AYO so maybe those that follow the stock can give you a better answer. Cheers, JBC
 
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