bharat , page-34

Imac,
Bharat are a Fortune 500 Company looking to the future. They do have strong ties with NWE but that was not the reason they came to Australia. They came for shale experience into one of world's best shale basins. They don't want to get left behind.

I reckon they must be feeling pretty good. AWE are planning to drill 2-4 new shale wells in WA next year. If they have further success then a further Major may be interested in the whole area. And EP 413 is a lot bigger than the area evaluated by the Independent USA authority.

It was good to see PM buying in at about 3 cents. I got in for the HCSS sands which have already flowed 770,000 cfpd from a single vertical frac. If the JV can get a good seismic then a 15 stage HCSS horizontal frac could supply a lot of gas into a high priced market.

I agree, the market is the market.