re: Ann: EGO: Origin Energy Limited agree Far... Concerning the Origin farm in, yep, Norwest has done well here and I personally am glad that they have not farmed down their 20% interest for the 3d mapping. That's good imo because if that proves up good which appears to be likely, then the license becomes that more valuable.
Now once a drill time gets established, perhaps NWE can allow a farm in say of 5% or 10% to pay for the drill or a large part of it to minimise their risk. Then, if pay dirt is struck, Oh happy day! Even if 10% is retained, and oil is struck, that would be big.
The recent price drop could be on worries of fraccing delays but we are hopeful that all the stops will be pulled out for this one.
All the best to holders - Dyor
W
Add to My Watchlist
What is My Watchlist?