Have to agree with you on ARC's producing assets (with the Perth Basin showing quite high % declines in production).
The Canning is the unknown quantity in the acquisition (even at only a 15% interest) it will either be a Left-Field Event or a Dud.
The exploration potential around Tui could be interesting if it proves successful, given the ability to bring it into production with minimal time delay. And then there is all the other exploration acreage and existing producing assets.
MI
AWE Price at posting:
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