Ann: Unmarketable Parcel Share Sale Facility, page-31

Ho Amb, cap on hand is +18M on top of that due to the most recent cap raise at 3.3cps. Valuation of 250m is due to the likelihood of NWE holding a 20% share of one of the highest deliverability reservoirs in Australia. The conditions of the conventional gas play are superb, just check out the recent announcements of the Lockyer Deep 1 well outcomes. seismic scans and gas pressures, plus nearology indicate a huge tank of high quality gas, likely bigger than Waitsia et al. with local access to the north south pipeline for refinement and delivery to market. She's a slam dunk barring no drilling screw ups to go multi bag from here. Strap in and enjoy the ride!
DYOR