quarterly, page-67

"The Company is currently considering a deeper drilling programme for Warradarge-2 approximately 4kilometres north east of Warradarge"
-
"EP455 North Perth Basin (TTE: 18.5%) Titan Energy’s farm
- in partner AWE Limited continues to refine its plans for a
proposed exploration well, to be known as Drover-1. A spud
date for Drover - 1 remains subject to approvals and rig and equipment availability."

With the benefit of hindsight one could say the shallow Warradarge-1 was a waste of time and money and should have been a deep well .

Very excited about the prospect of two deep wells in the Perth Basin .

If these come up trumps we should be rocking and rolling .

I think a number of these small companies need to achieve critical mass to avoid becoming takeover targets in the event of exploration success .

Anyone else think West Australian minnows would benefit by merging ?