don't trust smoothwaterAt leat AOS got a deal done. MQL, its transparent, 300 drillable locations in MIchichi, (highly regarded Banff play) management team that doesnt include anyone from AOS. 2800 bbls/d.
Immediately the cash goes to work drilling in the lowest cost enviroment they likely seen in decades.
MQL has a100% success rate in this play. SmoothWater has their own agenda with the cash, lacking transparency, 'like really' they are going to distribute the funds, that could take up to a year.
Mean while oil prices go up to 50.00 or 60.00. $. Dont trust Smoothwater at all. MQL wants to add bbls. that I can see.