AOE

Arrow Energy (AOE) was the overall best performing stock taking in a 12.61 percent increase. It was a mixture of drilling services, chemical manufacturing, financial services, energy and mining & exploration companies who were among the best performing stocks for the week 23 of 2008 of the Australian sharemarket: Boart Longyear (BLY), Incitec Pivot (IPL), Challenger Financial Services Group (CGF), Arrow Energy (AOE), Sundance Resources (SDL). These best performing stocks managed gains above 6.06 percent by the end of the trading week.

Royal Dutch Shell has become the third company to strike a deal for coal seam methane projects that are rapidly evolving in the Queensland area. It struck a $776 million deal with Arrow Energy (AOE) to improve setting up of multiple LNG plants in the region. It now holds 30 percent stake in Arrow’s CSM licenses in the state. The deal is yet to be examined by the Foreign Investment Review Board.

Queensland Gas QGC was the overall best performing Australian company taking in a 34.5 percent increase in its share price this week. For the past week (week 6 for 2008) on the Australian sharemarket, among the best performing stocks were a mixture of metal & mineral, telecommunication & media, steel and coal seam gas companies: Fortescue (FMG), Telstra (TCS), OneSteel (OST), Queensland Gas (QGC), Arrow Energy (AOE). These best performing stocks for week 3 recorded between 5.3 percent to 34.5 percent for their gain by the end of the trading week.

Arrow Energy (AOE) was the overall best performing stock taking in a 10.11 percent increase. Among the best performing companies for the past week (week 31 of 2007) on the Australian sharemarket were a mixture of project development, support services, energy and metal: Arrow Energy (AOE), Leighton Holdings (LEI), Brambles (BXB), Macquarie Airports (MAP). All the above best performing stocks for week 31 managed more than 2.85 percent gain by the end of the trading week.

Besides the Gold Company taking the award for the best overall performance on the Australian Stock Exchange (ASX), other great performers were: on the ASX100 index, Leighton Holdings (LEI) gained 9.44 percent or $3.93, closing the week at $45.56. On the ASX200 index Arrow Energy (AOE) grew by 14.729 percent or 29 cents, closing the week at $2.22. ASX 200 closed the week at 6252.8 and the ALL Ordinaries closed the week on 6273.3.