Just a quick observation, AOE is expecting around 700m in cash from Shell?? give or take a few million, anyway the point im trying to make is AOE has only 701m shares on issue, so soon each share will have a backing of around $1 in cash which at current prices means their actual gas business is worth 80-90c per share. Seems to be a bargain considering they have 1420 PJ (2P) reserves which is worth around 3.50-4.00 a share alone using a an average price of 2 GJ (2P)
DYOR!!!
AOE Price at posting:
$1.87 Sentiment: LT Buy Disclosure: Held
