Keep in mind that the $12-$15/ acre is for unexplored/ untested regions of the desert mostly in the NT, not an area that has just flowed gas from 5 zones and oil from 1...
They have a lot of acreage, CTP, which is why they are excited, however i am more concerned with raising the value per acre to say $12-$15,000 once we prove its commercial for gas, and, who knows how much oil we have.
508 sqkm = 125,530 Acres
$1,506,360,000 for $12,000 per Acre $1,882,950,000 for $15,000 per Acre
Shares on issue, fully diluted 991,528,839
buckfiddy anyone?
TY
(estimates above are just that, estimates. Feel free to add your own multiplier in as you see fit. DYOR)
NWE Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
