AAL 2P should be transferred to 2C. Also, wholesale
gas prices in Perth much lower compared to eastern Australia making 2P valuation unreliable. Perth at least $2 per gigajoule cheaper hence the proposal to build gas pipeline from west to east via kalgoorie. The other factor is cash position of AWE will continue to go backward.
You could always line up your cash for the inevitable capital raising in AWE.
Ann: AWE's Asia Roadshow Presentation, page-14
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