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I totally agree with you. I think WPL or oil search or for that...

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ksvs

762 Posts.

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01/12/17

21:00

Post #: 29306363
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Originally posted by persistentone ↑

I am not an Australian, so take this for what it's worth: AWE's onshore gas is a strategic asset for the country of Australia. If I were in the Aussie government, I think I would look hard at finding a way to stop the deal. It's not in the strategic interests of Australia to have such a large amount of gas priced by a foreign power, or potentially diverted out of Australia.

That said, as a long-suffering AWE shareholder, it's nice to see the price jump higher for a while. The best outcome here would be a bid from an Aussie firm and a bidding war. At this point, I think I would take 90 cents, even though I feel the potential is for north of $1.10, once they get closer to production.

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I totally agree with you. I think WPL or oil search or for that matter any Australian company should grab this company at his depressed price

AWE Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
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