Ann: MIN:Off-Market Takeover Bid for Norwest Energy - Offer Opens, page-85

@SkyPunter
brilliant posts.
People should know that your figures are pretty conservative.
Depending on whether Lockyer is a 2.5 TCF field or a 5 TCF field...production of 250 TJ/day leaves a lot more gas in the tank. gas which can be used for a heap of other downstream purposes.
There is also condensate.
There is also the small matter of a 60m oil column sitting in the Dongara/Wagina.

Then you can repeat all of the above for Lead E and D...Can everyone see why CE and his friends have got all their fishing rods out so they can catch the 20% not already in their bags?

Read the MIN statement, and then go to their annual presentation...pay particular attention to this...52:30 onwards. "Lockyer...40-50 years gas". "going to be a big earner for min going into the future"




Heres another...we want to get it to a point where the gas plant will pay for itself straight away - or words to that effect.... 26:00 onwards.





and theres another one where his sidekick said...and we didnt even drill the best location (hes referring to NED-1)

he might be a good fisherman...he may be ruing his poker table banter...we however, thank him wholeheartedly for his candid reveals.

I still reckon hes setting it up for a "friend"...they know how big it is and even 20% is enough to whet the appetite of his friend...

Well, lady and gents...you want to feast on prime waygu steak?...you need to slaughter it first...age it...and then cook it to perfection...with gas...So go drill four holes, do the seismic and then come and lets talk about wine selection.