AOE 0.00% $4.68 arrow energy limited

value of shell deal

  1. 669 Posts.
    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)

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