(ADI takeover was lifeline for AWE. But wait: ADI hold 10% in Sugarloaf). If 10 wells gives 100 Millions worth Revenue, it will cover just the ADI takeover cost. Only 8 wells are planned.
From where AWE will bring future oil revenue. Where ?
As per awe presentation in May Indo :Liyun-1 was estimated 70 Million Barrel. It turned to be dry.
AED died natural death due to "No Future Revenue". ROC had hitted rock bottom.
AWE Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
