Ann: AWE's Asia Roadshow Presentation, page-5

Waitsia has been estimated at about $170M for full field development - see post 16729583
AWE would pay 50% , ORG 50%

AAL -- I recall seeing about $600M figure mentioned some time ago
AWE would pay 50% , STO 50%

So at least $85M + $300M = $385M would be required to be found by AWE

AWE would have to sell down its interests . It has already said in that Presentation slide 11 that it would sell down AAL to 25%
If so it would have to find about $150M

I don't think AAL has a hope of FID unless oil is about $70

The AWE presentation is full of virtuous goals
How could it raise $85M + $150M = $235M for both projects ?

More likely is that only Waitsia will get FID so only $85M will be needed , some of which may be from a sale of its AAL share

Our best scenario is that AWE gets taken over