arrow must be inviting to shell

Shell must be looking hard at Arrow.
Post the PES takeover, Arrow says it has 6834pj of 3p reserves.
Its NET share of 3P reserves is 3939PJ
At just 60c per gj (or $0.6m per PJ) that values the gas reserves alone at $3.36 p/share.
That does not include Arrows other assets which includes its 20% share of the LNG plant, plus pipeline interests plus those distribution assets, plus the overseas assets.
The other big sleeper is the fact that AOE, now it will get PES, is that Arrow will be the biggest CSG acreage holder in Qld.
That is a really big issue for the big oil companies.
cheers
DYOR