MIN, your offer of 80 cents is far too cheap for AWE's on-shore gas field, which is the largest gas field discovered in the last 40 years in Australia! The flow test rates are the record highs in Australia's history.
AWE share holders have been suffering for years due to oil prices and problems in New Zealand operations. Oil prices have only recovered a bit recently, as have AWE's share prices, which will go a lot higher than now.
The market has priced AWE above your 80 cent offer, which says that it expects a lot more.
AWE Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held