Worth revisiting this address by Shaun Scott, frm last July at the Sydney Mining Club. Note this runs for ~30 min.
Since then, AOE's net 2P/3P reserves have gone up to 3690 PJ/5781 PJ& the cash on hand is $253.4 mil (back in July09 they had $400mil).
At the halfway mark (end of slide 7), regular references to Shell, 'good at what they do', 'we r not married yet' & 'generate value for share-holder'. 9 months later, we have a second bite frm RDS alongwith PTR!!
