Crazymark, I have to agree with Chris1983 here.
Have you considered Arrow's existing domestic gas contracts, its power dispatch rights wrt Townsville Power STation and Daandine, as well as Braemar 2 coming online mid'09.
These all provide good cash flow, and the electricity sales provide an uplift in the ultimate gas price and also a sink for them to use the ramp-up gas for their proposed LNG plants.
Still reasonably priced in my opinion relative to less progressed, non-producing, less diversified companies (eg Pure) that sold for higher valuation metrics than what AOE is currently trading on.
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Crazymark, I have to agree with Chris1983 here.Have you...
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