AZZ antares energy limited
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azz webb site, page-15

  1. Osi
    18,660 Posts.
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    01/12/10
    17:10
    Post #: 7553045
    Ultra

    the ann. stated:

    "AZZ has announced the sale of the Yellow Rose and Blue Bonnet project areas to Chesapeake for a total of US$200m in cash, equating to US$156.2m ($0.52/sh at parity) for AZZs net interest."

    knock off a few cents for debt and some tax and you very roughly have 1 for 1. That means all the current plays and leases have no market value.

    cheers
    AZZ Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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