this one could be big

I've just re-read the broker report prepared by Tolhurst, which has a price target of $1.02, and some of AOE's prior announcements, and I wouldn't presume this is bad news.

This trading halt could relate to one of many things, the CS Energy farm-in deal at Kogan (which is a company making deal - see annoncement 12th May 2004), or possibly some positive drilling results from subsidiary Bow Energy.

This company is well managed and is sitting on some pretty valuable gas assets. The company's also nearing production, when it should be re-rated to levels consistent with CH4, Sydney Gas, and Queensland Gas - which have valuations many multiple higher than AOE in terms of 2P reserves.

I hold a few of these, and hope this is the big one.