Ann: CERCG withdraws indicative proposal to acquire 100% of AWE, page-39

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nammuldi

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07/12/17

11:57

Post #: 29449319
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Originally posted by Guerilla ↑

This article by Matthew Stevens in today's AFR (p.29) gives more background to the CERCG bid (Paywall risk).

'AWE stares down a Victor Kiam moment':

http://www.copyright link/business/awe-stares-down-a-kiam-moment-20171206-gzzz58

Extracts re Waitsia:

"Waitsia is Australia's biggest onshore gas discovery in 40 years and it sits as a still-expanding resource. But AWE hasn't yet secured a bankable customer contract. But, if what we hear is right, that day of value discovery is close at hand. The word is that AWE is likely three months from securing its first gas supply agreements, which would very likely trigger a rapid move to a final investment decision."

"It is understood that AWE and its new partner in Waitsia, Beach Energy, are fully cognisant of the wealth of external possibilities that might well include allowing gas swaps that could see Waitsia gas free more north-west gas for higher value export markets."

DYOR

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now i like the sound of the gas swaps - i sent my cheque in for the whole lot at 50c - awe now in play for and from many different angles - the fact that the sp has not just retreated to 52c again is very good - thanks for the bid guys - AWE now on radar of media and analysts etc etc - can only be good news for AWE and therefore for me.

AWE Price at posting: 65.3¢ Sentiment: Hold Disclosure: Held
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Ann: CERCG withdraws indicative proposal to acquire 100% of AWE, page-39

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