That puts Gas assets at around 95% of market cap with about 10-15 m being ascribed to AAL , despite a 88m USD free carry and 23m 2 p oil reserves. I am not suggesting one should apply full value to this asset but even 2 dollars per barrel and half the free carry would be a good start
AWE Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held