rodivg I admitt I have a heap more of research to do but the...

rodivg I admitt I have a heap more of research to do but the little I know so far on AWE I like.

AWE 1.2 bill market cap.

AWE joined the ranks of serious oil and gas companies in 2006 with production at Casino, Cliff Head and BassGas. Production from the fourth centre, Tui in NZ, began in July 2007. A key value creation strategy is to develop discoveries near installed infrastructure – like Henry and Trefoil near Casino and BassGas. Expect production to decline from heady 9.9mmboe FY08 levels as Tui's prolific oil flows fade. Still reserve life of 10 years based on forecast FY09 production is well ahead of the 7-8 year average for ASX listed peers . A suitable energy exposure for investors comfortable with medium risk. Strong management, low sovereign risk, a healthy balance sheet and exploration upside appeal. AWE recently successfully bid for ARC Energy.

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