AWE on the Move

[Timo]

Does anyone have any thoughts on AWE sp retracement in last month.Gas prices going for a burton?mmm...could be good time for buying up more?
Any thoughts appreciated,
Cheers,
Timo.

[tricha]

Does anyone have any thoughts on AWE sp retracement in last month.Gas prices going for a burton?mmm...could be good time for buying up more?
Any thoughts appreciated,
Cheers,
Timo.

Buy, you bet Timo and that is exacty what I did yesterday, with 42% of Tui.

Tui Area Oil Project (PMP 38158) Taranaki Basin (PPP interest 10%)

Production from the Tui Area oil fields totaled 2.0 million barrels (PPP 0.20 million barrels) for the March
quarter, averaging 22,616 barrels a day. The production rate continues to exceed both long and short
term forecast’s. Cumulative field production to the end of March 2009 was 21.8 million barrels (PPP
share 2.18 million barrels).
The Tui Area Joint Venture (JV) has secured the services of the semi-submersible drilling rig Kan Tan IV
for a drilling campaign in the offshore Taranaki Basin in 2009. Pan Pacific Petroleum, together with other
members of the Tui Joint Venture (JV), operated by Australian Worldwide Exploration Ltd, has committed
to sufficient rig days on the Kan Tan IV drilling sequence to drill at least two exploration wells which are
programmed for early Q4 on the current rig schedule. There are five prospects adjacent to the Tui Field
within the Tui permit which are all potential drilling targets, but final selection of wells for drilling is still to
be agreed by the JV. Seabed site surveys over all possible drilling locations were carried out in April.
Successful discoveries would likely be developed by low-cost tie-back to the existing Tui facilities.

[tricha]

Rule # 10, never buy in a down trend.

Why do I keep breaking that rule

Anyway I am out for now.

[shasta]

Rule # 10, never buy in a down trend.

Why do I keep breaking that rule

Anyway I am out for now.

With oil trending back up, probably a bad time to sell?

You sitting on cash or have other targets?

[tricha]

With oil trending back up, probably a bad time to sell?

You sitting on cash or have other targets?

Cash and 100K of PPP and a few ROC, BPT, CUE.

My targets are weakness in AWE, BPT, PPP. Cash cows which will survive whatever the market throws upon us.
But my selection could change tomorrow, Mr Market waits for no one,

[shasta]

Cash and 100K of PPP and a few ROC, BPT, CUE.

My targets are weakness in AWE, BPT, PPP. Cash cows which will survive whatever the market throws upon us.
But my selection could change tomorrow, Mr Market waits for no one,

Not a fan of CSG?

CVN also looks like its moving in the right direction

[Corporate]

Not a fan of CSG?

CVN also looks like its moving in the right direction

CVN already gone IMO!

[tricha]

Cash and 100K of PPP and a few ROC, BPT, CUE.

My targets are weakness in AWE, BPT, PPP. Cash cows which will survive whatever the market throws upon us.
But my selection could change tomorrow, Mr Market waits for no one,

Did a flip flop, took profit on a few Beach yesterday and today AWE weakness.


AWEAustralian Worldwide Exploration Limited FPO

Buy 10T

281
Last

281
16 5.4%
6:59 pm

High 298
Open 298
Volume 3,280,330
282

Sell 10T

Low 279
Prev. Close 297
Turnover $9,395,623
2:45 pmAWEs Vietnam Tuong Vi drilling update


And to top it off, it is rated as a buy by most brokers.

CURRENT ANALYST RECOMMENDATIONSWhat are the analysts recommending? AVERAGE ANALYST RECOMMENDATION HISTORYCompanyMarketSectorCurrent1.792.562.22 Strong Buy = 17 Days Ago1.71 Mod. Buy = 230 Days Ago1.60 Hold = 360 Days Ago1.73 Mod. Sell = 490 Days Ago2.00 Strong Sell = 5 CONTRIBUTING ANALYSTS PATERSONS SECURITIES LIMITED, AUSTOCK LIMITED, E.L. & C. BAILLIEU STOCKBROKING LTD., UBS, BAS-ML INTL, WILSON HTM SECURITIES, J.P.MORGAN, MACQUARIE RESEARCH EQUITIES, DEUTSCHE BANK SECURITIES, CITI, GOLDMAN SACHS JB WERE, MORGAN STANLEY, CREDIT SUISSE - AUSTRALIA, BBY LTD.

[tricha]

The best oil buy on the market?, it's one of the safest ? u bet ya.

69 million P2 x $40 a barrel = $2,760,000,000 / amount of shares, gives a conservative net worth of what AWE is worth.

The brokers reckon its worth $3.30, I reckon they are a tad short, $5.30

After reading their exploration coming up ............................

to provide long term cash flow…from reserves of (2P) 69 million barrels oil equivalent

Read the presentation and make up your own mind

http://www.stocknessmonster.com/news...E=ASX&N=549545

[Corporate]

The best oil buy on the market?, it's one of the safest ? u bet ya.

69 million P2 x $40 a barrel = $2,760,000,000 / amount of shares, gives a conservative net worth of what AWE is worth.

The brokers reckon its worth $3.30, I reckon they are a tad short, $5.30

After reading their exploration coming up ............................

to provide long term cash flow…from reserves of (2P) 69 million barrels oil equivalent

Read the presentation and make up your own mind

http://www.stocknessmonster.com/news...E=ASX&N=549545

Tricha - why didn't AWE go out and buy stressed companies with proved reserves already..They are spending $200m and if they are all dry. AWE downward slide to sub $2