buy recommendation

Noticed this recommendation today.

Paul Clarke, State One Stockbroking
BUY RECOMMENDATION
AWE Limited (AWE)

An oil and gas explorer and producer, with interests in Australia, New Zealand, Indonesia, Yemen and the US. AWE has six main producing assets across Australia and New Zealand as well as onshore shale gas in Texas. In December, AWE agreed to sell an interest in the Bass Basin project to Toyota Tsusho for $80.125 million, where $26 million will be paid out as a special dividend and the remainder will add to AWE’s strong cash pile. This strong cash pile combined with potential reserves growth paints a bright outlook.