Yep not a bad deal the only thing I didn't like was the share...

Yep not a bad deal the only thing I didn't like was the share price for 70 million dollars worth wasn't fixed at an amount ie 70 million dollars worth at $2.90 for instance. Otherwise yes a good deal for AOE!

From WCL newsletter. This for people who don't know starts soon:

Importantly, the 2009 program will see new
wells drilled in the Bald Hill and Mount St
Martin areas of ATP 688P. These areas have
been identified as highly prospective, and the
three wells planned to be drilled there in
2009 could unlock significant value for
WestSide.
As an illustration of the potential worth of
these areas, latest gas in place estimates
suggest that almost three trillion cubic feet
(tcf) of gas lies in the tenement – a significant
increase over the 0.3 tcf attributed to the initial
Tilbrook area!
A significant boost for our operations in 2009
will be the commissioning of our own drilling
rig by June. The availability of a committed
rig is expected to alleviate many of the
frustrations of our previous campaigns and
reduce drilling costs.
We are looking forward to a year of
achievement in 2009 – we have the support
of our joint venturer and the enthusiasm of a
newly-formed team of professionals who are
determined to demonstrate that WestSide
has an exciting role to play in the sector.
Thank you for your continued support,
Angus Karoll
Chairman