AQO ambassador oil and gas limited

positive change, page-6

  1. 1,400 Posts.
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    It's an interesting scenario hat has not met my expectations. The company is attempting to tease out the highest reward option. But there is a risk that they are being played by Magnum Hunter. MH could be stringing AQO along while siting on an option that they (MH) will not exercise until the value case becomes more compelling - eg by virtue of SXY experience, or movements in other factors affecting the value of Cooper acreage.

    Meanwhile MH does not need to spend its dough.

    I wouldn't be surprised if some major AQO shareholders are getting very irritated with AQO's slow progress in driving shareholder value out of this very good asset.

    This situation needs to be brought to a head quickly. Either MH ups the dough or AQO should quickly flog the asset off to the second best offer.






 
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