excellence oil gas, page-36

DG,

The important thing that will happen soon in my opinion will be for the 3 partners to get together and to agree on the forward plan for the Arrowsmith field.
We know what is flagged but when they all meet and then decision are made that is when this job will get interesting.

I don't think that we will get results from the well till after that meeting takes place.

Remember what it was that got AWE excited, if you don't then cast your mind back to the announcement from AWE consultants who told them that the EP413 contingent resource was 2.7tcf of gas.
That is 450 million barrels of Oil Equivalent and AWE has 44%, onshore, in a politically stable country where the military don't seize your assets and most of the time you don't get shot.
Have a look at the AWE footprint in the Perth Basin, it is huge.
That is why they are now transformed from "ho hum" to "wow".

The quality of the work by NWE in meticulously analysing the well and the data quality that has been produced has enabled the calculations to be consistent between the two independent companies (2.63tcf from the NWE consultants).

All the negative comments passed on here have shown a lack of understanding of the quality job that NWE and its staff have done at minimal cost to its shareholders and the recognition that it has received from its peers.