AOE 0.00% $4.68 arrow energy limited

queensland cbm

  1. 429 Posts.
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    Good announcement from AOE today - tying up with CS Energy (state owned utility) who will supply the bulk of the funding for AOE's first CBM production facility which has been testing successfully for a number of months now.
    AOE is the best of the Qld CBMs in my opinion - largest reserves, small cap, management hold a big swag of equity and a good relationship with CS Energy. Their first development is adjacent to the Roma-Brisbane pipeline so transport costs are minimal - a significant advantage over other potential producers.
    They have other fields virtually on the doorstep of Brisbane as well as CBMs and a convential gas play within cooee of Townsville.
    A good story over the next twelve months.
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