Dec quarterly review, page-59

The pumper sniffing report.
From AWE Qtly.
Onshore Perth Basin
In EP455 (AWE 81.5%, Operator), work is underway to review the remaining prospectivity in the permit in light if the Drover-1 well results.
In EP413 (AWE 44.25%), the Joint Venture has obtained a 12 month extension to review permit options and
potential exploration targets for a future well.
In EP320 (AWE 33.33%), the Joint Venture has renewed the permit for a further five year term with the focus being near-field exploration to tie into the Beharra Springs production facility. Work is underway to mature significant Waitsia-style prospects in the Kingia and High Cliff sandstones.

Offshore Perth Basin
In WA-512-P (AWE 100%, Operator), 2D and 3D PSDM seismic reprocessing is complete and interpretation of the data is ongoing. A farmout process is underway.

I am very interested in that last sentence above.
The producing CH field is located in Offshore Perth Basin in permit WA-286-P.
So put yourself in the shoes of AWE. Just who would you would call that you have a good working relationship with in regard to the above of a "farmout" that has cash flow and owns 57% of a producing oil field down the road from your permit that could also prove to be be a very exciting Permit. We all know that the Perth Basin can produce the goods now. Just how many traps are located there?
Awe yeah sorry did I forget to mention that we also own 57% of an on shore processing plant already to go and ready to take on way more capacity called Arrowsmith. Many forget about what an asset that can be to us in the future in regards to any further exploration in Perth Basin. Income.
Think about the BIG picture here. I am.
MMMMmmm pumper sniffing.

The above is all my opinion only as always DYOR.