AWE 0.00% 94.0¢ awe limited

Ann: CERCG withdraws indicative proposal to acquire 100% of AWE, page-38

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  1. 1,322 Posts.
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    This article by Matthew Stevens in today's AFR (p.29) gives more background to the CERCG bid (Paywall risk).

    'AWE stares down a Victor Kiam moment':

    http://www.copyright link/business/awe-stares-down-a-kiam-moment-20171206-gzzz58

    Extracts re Waitsia:

    "Waitsia is Australia's biggest onshore gas discovery in 40 years and it sits as a still-expanding resource. But AWE hasn't yet secured a bankable customer contract. But, if what we hear is right, that day of value discovery is close at hand. The word is that AWE is likely three months from securing its first gas supply agreements, which would very likely trigger a rapid move to a final investment decision."

    "It is understood that AWE and its new partner in Waitsia, Beach Energy, are fully cognisant of the wealth of external possibilities that might well include allowing gas swaps that could see Waitsia gas free more north-west gas for higher value export markets."


    DYOR
    Last edited by Guerilla: 07/12/17
 
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