Shall we buy some more?, page-14

Sorry guys have been busy. Made some calls and really not much have I found out other than what has been said of late.
Here is a summary from my take on things.
For
Big plus is the relationship between Ray and Dougal and AWE. Old school.
While our period of exclusivity has ended legally we are top of the lot to do the deal due to our extensive contractual period of engagement.
AWE want to divest their low key performing assets now not later. They are chasing the big stuff in particular gas as we have been informed.
If poo drops below $40 again its not their problem.
Negotiations definitely continue with AWE.

Against
At around $50 poo others are now interested in CH. Better offer/deal?
Why do AWE need to rush its dropping cash directly into their bottom line.
Three weeks ago AWE had a cash offer takeover of .80 cents a share from Lone Star. Their SP was low .60 now its above >80. Offer knocked back quickly but lets go on a hold pattern for now and see if they come back?
New CEO on board David Biggs. Is he for the deal or against it?
Do Ray and Dougal have what it takes to do the deal and bring it home for SH?

So my call is if poo was at $40 right now deal would be done as its a no brainer. Just get rid of it.
But sentiment in the oil industry has turned a fair bit in the last two weeks and things are not looking as bad now. Poo at around $50. On the AWE side of things some big developments have taken place recently.
This deal could happen tomorrow or still be weeks/months away. Who knows. AWE now have all the cards.
Poor old Elixir is completely unloved on the ASX right now and is Ugly Ugly. Get this deal through the door and we will turn into a little thing of Beauty. With this cash flow we can also continue to grow and develop. Asset build while the going is cheap in the oil industry.
CH changes everything for us as a company and ongoing concern.
I am still steering towards a deal for Elixir but that is just my gut feel nothing more.

Hey all of the above is just my opinion only as always DYOR.