I will be getting as many as I can. This Perth Basin was defined as being one of the top basins in the world.....And it is rapidly living up to its potential. NWE are ideally positioned to benefit. WA gas is going through a renaissance. People joke about this. It is a fact. Just look at the recent huge successes . Waitsia and Warro and dare I say it Arrowsmith are pretty big.
Anyway, like their permits.. It was a very strategic move by NWE to acquire these SPA licences. ( on an extremely tight budget ). The recent WA successes have got things buzzing. NWE have very good acreage close to recent successes. And a proven Arrowsmith to exploit to the maximum. There is a lot of gas there.
NWE is alive and well. With attractive permits that are only getting more valuable every day. DYOR.
The acreage they have has not been valued in an industry that is at the bottom f the pile. It is not always going to be this way. All things must pass.
NWE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
