shell makes $3billion approach for arrow, page-19

Whether or not a takeover eventuates, if you listen to the presentation by Shaun Scott at the Sydney Mining club, Shaun states that talks are progressing well and shareholders will be delivered a very good outcome, "but not married just yet". This was only 5-6 weeks ago, Takeover talks may have come up at the same time. Maybe they will sell additional acreage to Shell or the Chinese.

International is the way to go in my opinion, i don't care too much about Gladstone LNG, they should just sell down the Australian assets and move on to higher domestic gas price environments. By the time the first major Gladstone LNG plant starts turning over, AOEI could be producing large volumes of gas in all of the countries they are drilling in and maybe even South Africa and Europe. This path does not carry risk factors such as ramp up,global LNG surpluses, LNG plant capital costs,shipping and volatile POO.