AOE
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0.00% $4.68 arrow energy limited

show me the money

  1. Ya
    6,809 Posts.
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    30/12/08
    10:21
    Post #: 4643346
    Well u guessed it the famous line from Jerry Maguire applies here pretty well.

    1) Confirmation from AOE receiving A$315 million from Shell this morning with more to come. Transaction is partial as there were slight delays in 3rd party consents for some blocks.

    2) This should eventuate in Jan '09 with a further A$ 220 million to be received by AOE.

    3) AOE can earn further US$275m in milestone pursuation of its domestic & international transactions.

    Happy days everybody.

    cheers
    AOE Price at posting: $2.53 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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