Hi marcus , I think the market has already answered your question about the delay on vesta 1 . I regard Vesta and giligulgul as small diversions from the enormous resource potential of Arrows CSM projects . Thats where Arrows real value lies ,and when CSM becomes more widely accepted in the investment community ,the value of these tenements will rise accordingly . Sydney gas is at the forefront of changing the perception of these companies, and is on the verge of becoming a highly respected producer .Arrow will benefit from this change in attitude towards CSM companies . As investors see the SGL story unfold ,they will look for the next company to duplicate that success for them . The smart money is already doing just that ,and Arrow is the logical choice . The parallels with SGL are stiking .Both have huge acreages ,containing trillions of cubic feet of gas . Both have tenements that engulf their respective state capital citys .They also have major gas pipelines running right through their tenements , that will reduce both capital costs and pipeline charges . Vesta 1 and Giligulgul could both give Arrow a huge kickalong in the short term , if they are successful ,but Arrows fortunes in the mid to long term is with CSM. My estimate is that Arrow Energy is about 12 to 18 months behind SGL in respect of their development as a company ,but I also feel that Arrow is progressing at a faster rate . SGL s market cap is probably around $240 m at the moment ,and Arrow around a $40m . Arrow is set to achieve much the same performance in terms of share price and market cap over the coming 12 months . Arrow has the potential to be trading at over a dollar within 12 months irrespective of whether Vesta 1 or Giligulgul are successful . If Giligulgul is a duster, Arrow will drop back a few cents for a short time before recovering . This could create a short term buying opportunity . Cheers, Brenden.
AOE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
