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Ann: AWE sells US Shale Assets for USD190 million cash (AUD271m), page-14

  1. Hotfire
    19,551 Posts.
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    27/01/16
    11:54
    Post #: 16875129
    Finally a plan that has paid off!

    AWE sells Sugarloaf USD$190mil + USD$9mil + USD$5.2mil (unused hedging) = AUD$291.5mil

    526.7mil shares on issue

    imo Fair Value = AUD$0.74 (MC $390mil)

    Shorts got badly burnt on this news surprise.

    Meanwhile the talking heads saying oil glut, gloom, POO going under $20/bbl, yet the buyer sees value. Starting to believe the money than the talking heads.
    AWE Price at posting: 49.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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