Have seen a number of posts comparing NWE with BUY as regards PEP 11 and this thread makes me think more of MMR and PEP 11. MMR have 50% share of Advent which now has $20m cash for the first drill, which is expected 3rd quarter. The site survey vessel heads out from Newcastle later this week and they are in negotiations with a major farm in partner.
So while there may be similarities with BUY and PEP 11, worlds apart from MMR.
Nevertheless I hold some NWE for their UK play and their west coast acreage.
NWE Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
