NWE norwest energy nl
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  1. JM12
    458 Posts.
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    09/09/10
    18:06
    Post #: 7179207
    guys, I read the announcement before I posted. It states "BPRL will contribute up to A$10m towards the drilling and testing program to evaluate the
    shale gas potential in EP413 to earn 50% of Norwests 55.606% interest.".

    It does not state that norwest does not need to contribute anything and it does not state what the costs for the drilling and testing program for EP413 are.

    So are you all assuming that costs will be less than A$10m and Norwest does not need to contribute anything or do you actually know?

    I just tried calling Ernie to clarify but wasnt able to get him.

    NWE Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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