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Why would AWE sell Waitsia for $50 million when their partner...

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Al99

1,190 Posts.

88

31/10/17

18:55

Post #: 28366080
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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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Why would AWE sell Waitsia for $50 million when their partner knocked back $200 million prior to the recent drilling and reserve upgrade??

What a dumb concept.

AL

AWE Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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