AWE on the Move

[tricha]

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

Well from what I have read Corporate.

They bought ARQ Energy last year and have recently put it to bed.

They are looking now for the next one, Beach springs to mind as a perfect fit, I can imagine a share swap as part of a deal.

Now the interesting part is the exploration coming up, they are not wildcats, so I am guessing we will see a 50% strike rate.
They have targeted areas of known oil, mainly next to existing oil fields, so tie backs are relatively cheap.
So far AWE seem to do everything right as a company, so we expect continuation of this.

Now if you wanted a breakdown of their exploration, it would take days of research, something for the likes of Shrewdy, but this is not his cup of tea because its not a 5 bagger.

Exciting times a head for Australian Worldwide Exploration, because someone like Santos is just as likely to slamdunk them, at the blink of an eye.

Happy hunting folks.

[tricha]

AWE directors, not much has been said on this site about them, not much traffic about AWE at all really.
The only thing I can say for sure about them, is they can all smile for the camera
Actually looking at all the profiles, they look to have plenty of experience and expertise.

</SPAN>

Bruce G. McKay
Independent Non-executive Chairman, BSc (Hons) Geol, FIEAust, FAICD, 58 years
Bruce McKay is a geologist with more than 35 years experience in professional, management and executive roles in the upstream oil and gas industry.
Bruce is an Honorary Life Member of APPEA, a member of PESA and the American Association of Petroleum Geologists, a Fellow of the Institution of Engineers Australia and a Fellow of the Australian Institute of Company Directors. He is the non-executive Chairman of Epic Energy Holdings Pty Ltd and is also an executive coach with the Stephenson Mansell Group. He was formerly a director of Sydney Gas Company Ltd.
Bruce was appointed Chairman of the Board of AWE on 19 March 1997. He is Chairman of the Remuneration Committee and a member of the Audit Committee and the Operations Risk Committee.

Bruce J. W. Wood
Managing Director, BE (Hons) Mining, 56 years
Bruce Wood is a petroleum engineer with over 30 years of technical, commercial and management experience in the upstream oil and gas industry. In addition to extensive experience in Australia, he has also lived and worked in Holland, France, the United States of America and Central America.
Prior to joining AWE, Bruce was the General Manager and a director of Delhi Petroleum Pty Ltd, a subsidiary of Westpac.
Bruce was appointed an executive director of AWE on 11 April 2007.

Colin C. Green
Independent Non-executive Director, FCA, 65 years
Colin Green is a chartered accountant with 47 years experience in the corporate finance and business sector. Formerly a partner of KMG Hungerford, Hancock and Offner, Colin was also formerly Executive Director Corporate of TNT Australia.
Colin was appointed a non-executive director of AWE at its incorporation on 17 March 1997. He is Chairman of the Audit Committee and a member of the Remuneration Committee.

David I. McEvoy
Independent Non-executive Director, BSc (Physics), Grad Dip (Geophysics), 60 years
David McEvoy has a petroleum geoscience background with 36 years experience in international exploration and development. He has held several senior executive positions in affiliates of ExxonMobil, most recently Vice President, Business Development in ExxonMobil Exploration Company (1997-2002).
David is currently a non-executive director of Woodside Petroleum Ltd, Po Valley Energy Ltd and Innamincka Petroleum Ltd.
David was appointed a non-executive director of AWE on 22 June 2006. He is a member of the Audit Committee and the Operations Risk Committee.

Edward S. Smith
Independent Non-executive Director, 65 years
Edward Smith is a businessman with investments in exploration, mining and petroleum companies. He is currently a nonexecutive Chairman of Impress Ventures Ltd an oil exploration company. He was formerly a director of Jupiter Energy Limited and Carpathian Resources Limited and non-executive Chairman of Jupiter Biofuels Limited.
Edward was formerly Chairman of Omega Oil NL and was appointed a non-executive director of AWE on 14 January 2000.
He is Chairman of the Operations Risk Committee and a member of the Remuneration Committee.
Andy Hogendijk
Independent Non-executive Director, AAUQ, FCPA, FAICD
Andy Hogendijk is an accountant and an experienced director. He has extensive senior management experience with Suncorp Metway Ltd, Commonwealth Bank of Australia Limited and John Fairfax Group.
He is currently the Chairman of Gloucester Coal Limited and a director of and Magellan Flagship Fund Limited.
Andy was appointed a Director of AWE on 4 October 2007. He is a member of the Audit committee.

[da puntzda]

Any thoughts as to why AWE down 5.6% today - fairly large fall


discl - not currently a holder

[tricha]

Any thoughts as to why AWE down 5.6% today - fairly large fall


discl - not currently a holder

WELL it might have to do with the 200 million drill or it could be another dumbass fundmanger doing what they do best.

AWE should have the jump getting their drilling program going, due to the spending on exploration slowing ( Check ROC as example), drillrig availability is up and drilling costs are down.

But NZO and PPP's will have to have more patience as TUI drill is put back and there could be further delays.
AWE are the Kingpins.

Either way Page 30 says it all.

http://www.stocknessmonster.com/news...E=ASX&N=553113

ploration Programme

• large exploration
program started
• $200 million over
15 to 18 months
• risked potential to
replace existing 2P
reserves
• up to 15 wells
• 5 countries
• 6 basins

AWE is focused in three regions

[troyvdh]

...like many others this company confuses me.....it must be a traders dream.....dosh in bank....great reputation....picked by almost everyone....surely the daily fluctuations...of the poo....would not be the only culprit re its ups and downs.....am i complaining.....not sure....

hold 8000

[Paint it Black]

It must be due for a good lift soon after the latest slow slide - when the POO gets a floor around $75 maybe? For a company with large cash reserves, smiling experienced directors, good reporting, decent dividends and plenty of upside potential in Taranaki and elsewhere surely the brokers will start paying it the attention it deserves.

[macduffy]

I'd go a bit easy on the "decent dividends" bit.
When the 10c divvy was announced in January it was called a "special, one-off dividend".
But I hold AWE too and not in a hurry to sell. I have the impression that some good news will be needed in the next few months though to offset the fairly rapid decline in Tui production which, although long expected, might be starting to weigh on the SP.

[tricha]

...like many others this company confuses me.....it must be a traders dream.....dosh in bank....great reputation....picked by almost everyone....surely the daily fluctuations...of the poo....would not be the only culprit re its ups and downs.....am i complaining.....not sure....

hold 8000

U got your wish today, a good gain, patience and double your money

[JBmurc]

Studies reveal there could be $3.5 billion worth of recoverable oil off the coast of New Zealand

And, starting this November, one tiny Aussie company will use a revolutionary submersible drill to find it...


Read on and stake your claim
in the biggest oil story of 2010


Dear Reader,


"Saudi-sized structures, they are that big."

That's GNS Science's David Darby's take on the oil reserves contained deep off the coast of New Zealand's Taranaki Basin.

"The deepwater frontiers of New Zealand beckon," says Darby.

He estimates up to 10 billion barrels of oil could be recovered.

That's more oil than Norway, Oman, India, Indonesia and the United Kingdom.

Of course, this oil has to be found first. And one tiny Australian company - stock selling for just $2.57 on the ASX - is leading the pack by a country mile.

It has already found and has the rights to drill for more than 55 million barrels... using a revolutionary new semi-submersible rig to extract oil from waters that are up to 25,000 feet deep.

This drilling starts in November this year.

This story has come right out of leftfield. Right now it's getting almost ZERO press coverage. Bottom line: if you're an investor looking to get in right at the bottom of what could be the biggest growth stock story of 2010, now is the time to act

[tricha]

Studies reveal there could be $3.5 billion worth of recoverable oil off the coast of New Zealand

And, starting this November, one tiny Aussie company will use a revolutionary submersible drill to find it...


Read on and stake your claim
in the biggest oil story of 2010


Dear Reader,


"Saudi-sized structures, they are that big."

That's GNS Science's David Darby's take on the oil reserves contained deep off the coast of New Zealand's Taranaki Basin.

"The deepwater frontiers of New Zealand beckon," says Darby.

He estimates up to 10 billion barrels of oil could be recovered.

That's more oil than Norway, Oman, India, Indonesia and the United Kingdom.

Of course, this oil has to be found first. And one tiny Australian company - stock selling for just $2.57 on the ASX - is leading the pack by a country mile.

It has already found and has the rights to drill for more than 55 million barrels... using a revolutionary new semi-submersible rig to extract oil from waters that are up to 25,000 feet deep.

This drilling starts in November this year.

This story has come right out of leftfield. Right now it's getting almost ZERO press coverage. Bottom line: if you're an investor looking to get in right at the bottom of what could be the biggest growth stock story of 2010, now is the time to act

You are right JB, AWE is my prefered medium term energy stock, for many reasons.
Looks like NZO also like the story.