excellence oil gas, page-28

1. Barahat are very happy with the manner that NWE has run A2.

2. AWE are also very happy with the manner that NWE has managed A2 and are excited about the results from A2 and their CEO has said that A3 is causing them some angst in trying to decide which of the layers to target. All the layers are attractive.

3. The head of DMP from WA is also very happy with the manner that NWE managed the well and the manner in which they conducted themselves during the drilling, fraccing and flow back processes.

4. Results are know to NWE but cannot be released to the market until all the other partners have authorised their release.

5. "Sour grapes" .... sell up and fracc off.
"Strachan" ...... doesn't embrace unconventional gas resources and doubts their commercial viability.
The conference was really good, all the companies who presented told a great story, some even admitted that they had made bad decisions during the past year but were of the opinion that they were now readjusted and were positive about the year ahead.
The plus about this year was a significant reduction in the presentations so the time allocated was greater and presenters were able to get their story across without rushing and having to cut stuff out.
Also less dodgy company presentations was good.