NSE 0.00% 0.4¢ new standard energy limited

new neighbour to merlinleigh, page-14

  1. 5,956 Posts.
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    I'll make it very clear;
    I said GNM is the wrong address. You wouldn't be able to see any mention of the Canning Basin in any GNM quarterlies or presentations, because ASX listed GNM does not own the petroleum exploration rights of REY's tenements.

    REY made the farmout agreement with the indian company "Gujarat NRE Oil Pty Limited" through its parent company "Gujarat NRE Mineral Resources Limited" which is the indian company again. Both of them are not listed companies in Australia.

    Therefore GNM has nothing to do in Canning Basin.
 
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