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sell Waitsia to BPT for 50Mil, page-3

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Nightmarez3k

4,987 Posts.

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31/10/17

18:14

Post #: 28364454
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Originally posted by feminist ↑

From my comparative analysis I note that COE reported APA might spend $250mil to fund Orbost gas plant for COE’s 55TJ/day
Given that AWE plan to develop New Gas plant for half-share of 100TJ/day then AWE might need to fund greater than $250mil. In addition AWE and partner may need to fund 20 additional wells (let’s say 100mil) over life of project.

AWE might need to sell AAL to acquire funding. ($50millionl but more likely 10 to 12 Million in a fire sale)

AWE might buy the other half of Waitsia for $50 mil (somebody needs to profit from Waitsia). BPT should perhaps make an offer.

All up the total AWE might need to finance is about $400Mil. minimum in short term.

I feel that capital raising is short term future

Notes from previous post in April 2017 reflect a trading position of around 33 cps after capital raising. At that value a dividend is possible.

DYOR

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WTF....why fund anything when they have FEED option.

All they need to pay is tolling cost after locking offtakes.

Also there is the west to east pipeline currently in PFS.

Last edited by Nightmarez3k: 31/10/17

AWE Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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