AWE's current current NTA is approximately $855m (AWE website...

AWE's current current NTA is approximately $855m (AWE website financial performance). The mkt cap is currently 20% below that level. 2P reserves will be 100m BOOE after bringing in the Indonesian oil. The company has no debt at present and has operating assets generating strong cashflows. The company through the Indonesian acquisition has shown that it can buy 2P reserves cheaply rather than blowing cash on exploration drilling. I expect exploration write offs to decrease significantly over time. The general feeling is that the Perth Basin assets are the next big thing in O&G sector in Australia.

This looks like and smells like a massive buying opportunity. This is cheap as chips.