Club Mulgoa

Monday, August 27, 2012

AQO

It announced today that it thinks its Cooper Basin shale gas could be >20tcf.  That is worth billions of dollars but the stock is worth only $7 million.  I have put a low buy on this.  A broker gave me an allocation of this stock and for a while it was good until it drilled and found a dry hole.  Then onto another unproductive hole and the market dumped it.  But it isn't the end of the story....

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