Limited downside from here on due to their cash backing and gas discovery. Not expecting any significant rise until management give some clear direction on future plans, especially with regards to securing the next rig in this tight markets. But given their credentials, they're not likely to sit and twiddle their thumbs. On another positive note, the CLP Party that just won the election here in the NT seems to be pro o&g. They plan to encourage onshore petroleum exploration and development in the NT by means of private sector investments in processing facilities and more expansion of pipelines into the National grid. can only be good for the early movers like AJQ.
AJQ Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held