Would not think Norges is in it for the arbitrage, possibly keeping the price around 50cps for some play.
Nearly April time for the company to provide more detail on the proposed drilling at Waitsia.
Also n update on the BassGas Mid Life Enhancement project (has the Viagra worked?). Would expect gas prices for the Bass Strait projects to more than double in next round of offtake agreements.
AWE Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
