finally AWE back to buying territory - I have been very patient....

finally AWE back to buying territory - I have been very patient. I suspect anything under $1.20 will be proved prudent and maybe a slip under $1 still possible if any tui and pateke are duds.

Last Qrtly indicates to me that the US asset does not seem to be really worth the effort in comparison to their other assets and between now and AAL coming on board (2016) I reckon the US asset, whilst still producing okay? - AWE should sell it.

conventional oil still the big earner and AAL asset backs that up with both sale to STO and likely $$ value to AWE in future.

if one cannot get back to $2 in next 2-3 years I would be surprised unless development costs at AAL blow out - a real risk these days or the oil price were to collapse which is low on my risk profile.

all up AWE at <1.20 represents an attractive short term trade and longer term hold.

interested in comments on USA asset