takeover potential, page-2

Hello Prophet4me

What it's worth to AWE is quite variable due to cost of production and other factors.

But for an interesting company to get an idea of the potential for both AWE and to a suitor have a look at MMR. They are about to drill their first widcat well in their lease in the Sydney basin with a potential resource of 4.1 tcf. The current total potential estimate in their lease is 13.2 tcf enough to supply all of NSW for 20 years..

A large Indian gas company has been quoted in the Indian press over the last week as stating they are looking at investing $1B for 25% of the parent company.

Lot's of potential in shale gas for AWE and I think investers will come to look back on our Adelphi purchase as a very astute aquisition.

JR