Ann: AWE's Asia Roadshow Presentation, page-25

G12
I am not sure whether that ends up being reality , but what I do know is the estimated value of Lattice means AWE is chronically undervalued . Interesting also is the fact that AWE is being more conservative with reserve numbers - eg org share of watsia booked at 42.5 m boe reserve whereas AWE has a reserve number of 31.5 similarly ORG is a partner of bass gas which is part of the Lattice sale so why buy these assets through lattice when one can get them infinetely cheaper through acquiring AWE and picking up AAL.
Of further interest ( I confirmed today ) of santos sells their share of AAL , the carry transfers to the new buyer so this 88m USD carry is secure . This carry on its own currently represents a value of 50% of AWE entire market cap !! That is just the carry
Lots of value here and I have no doubt the lattice sale process will bring AWE into focus also