Im not actually sure what we will open up at now. Been reading a...

Im not actually sure what we will open up at now. Been reading a bit more into the latest news..

"Significantly, a condition of the new offer is believed to involve Shell relinquishing an option it gained over Arrow International's offshore exploration projects when it bought a stake in Arrow International in June 2008.

The option acted as a limit on Arrow shareholders' exposure to Arrow International's profitability.

Under the option, Shell was able to lift its stake in any Arrow International project outside India to 50 per cent by paying 50 per cent of the development costs to date.

This option meant Arrow Energy would foot the entire exploration bill, while Shell could choose to exercise its option on projects that had the most potential for profit.

Analysts' valuations of Arrow International range widely, between 50 and 74 a share, factoring in a discount because of Shell's option."

Analysts valuations of Arrow International were being discounted because of Shells options to lift its stake to 50% in any project they chose by simply paying 50% of development costs. Okay if this option has now been lifted then what is AOEI's value? Obviously more than the 50-75 cent valuation tag that was previously being placed on the international assets.