Hard to go wrong in the long run with at todays $ rate a little over A$1.00 ps in cold hard cash from Shell within weeks, another 60+ cps deferred conditional.
Already at a net cash position, have developed producing assets producing a profit.
Market can't be putting much value on the retained 70% or on the international assets (fair enough at this stage). Not like Davies and team have proven slouches in utilising past cash injections.
Still everything else good is also discounted atm - the world must really be about to end.
EL
AOE Price at posting:
$1.99 Sentiment: LT Buy Disclosure: Held
