"how many wells do you see them needing for the oil play in WA?" Depends on what targets they decide to go for 1st, and the results of drilling those targets
what flow rates are you expecting? I have absolutely no idea!
depending on the speed it could take a few years to make your money back. I Cant see a company doing this for free, then having to wait years before they start to turn a profit. Well a farm-in agreement would be structured whereby the interested party would initially fund, say for example, x wells or spend x dollars and recieve x% with options to increase percentage with further funding (substitute x with any figure you think is reasonable). Have seen speccy oilers go down this path, albeit, not always with good outcomes. Savvy management (which NWE have) is the key to getting a good deal IMO.
NWE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
