awe is takeover inplay now, page-5

re: awe 3.10 hi roley,

the 57M parcel went through @ 3.10 to institutions who are now offloading them on market at same price.

might be stuck at this price for a while as the only big growth play for this year (hector) has been deferred until mid next year ( i think because a rig slot option was taken up by aza) and lower priority than the tui developments and tie ins. maybe even lower priority than west cape tho just speculating on farmin conditions.

cutter spud due any day but low percentage for AWE market cap.

second half of 2007 will be big growth time for AWE with hector and casino follow ups.

once cutter done the next significant price change will be when tui comes into production mid 2007 so sideways movement going to be frustrating for a bit.

takeover is in play of course as are possibility of extra deals overseas.