AWE 0.00% 94.0¢ awe limited

partial sale of yolla assets

  1. 1,317 Posts.
    Anyone have any thoughts on the AWE announcement this morning that it had struck a dealing with Mitsui which involves farming out some of the Bassgas project and some other interests in the area for cash and expenditure undertakings? Looks good to me given that AWE will retain a sizeable interest in Yolla (30%) but will now have cash to develop Jingemia and Cliff Head without the need for a small equity raising. AWE shares have been a bit softer since the AGM but with Perth Basin drilling coming up and this new deal that might change??? JBC
 
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