Bit hard getting through the fine detail on the merger early Sat...

Bit hard getting through the fine detail on the merger early Sat morning but looks "not negative" deal for AWE from first read.

18% dilution to get

. increased stake in BASSGAS, CLIFFHEAD and onshoe WA
. 53M cash
. 15% exposure to BURU canning (glad we not diluting for blue sky in canning but retain healthy 15%, just in case)
. yemen interests is good fit for some overseas exploration exposure for AWE though i havent looked at this asset anyone been following this?
. adelphi 32%, is this worth anything?

hopefully they are retaining some of the technical staff after the merger hence the extra cost of a perth office.

18% dilution hmmm maybe a bit more than i would have liked have to go and do some more detailed numbers later.