valentine is the last roll of the dice, page-3

Agreed, ARQ been a dog of a share to hold. I lost money bugger.

But on the plus side.

What is ARQ game plan?

Eric doing a huge play which I agree with, the Canning Basin is with out peer the best onshore exploration area available in the Western World.

Why you may ask.

It is only in the totally under-explored CB that you can find prospect (elephants) that could contain over 100 barrel plus recoverable hydrocarbons, with a proven petroleum system.

The large simple broad anticlines have yet to be drilled and in some case not even mapped using seismic data. If ARQ, New Standard Exploration, Kingsway Oil and to a lessor extent Oil Basin, FAR, EGO (dog?) Rey Resources (in legal dispute with ARQ), Backreef Oil (prospectus on issus, high entry price) crack the CB, then its off to the races, as the CB could be a big as Kuwait!

That's the gambit and the only public exposure in the Northern CB is via ARQ (plus various smaller partners), the central and southern Canning is still mainly in private hands.

So if you believe Eric S. a proven performer its worth staying with ARQ.

ARQ main SP problem is the lack of success in Yemen and GOM. Using up funds for no return so far.