It seems to me that the area of AWE's Waitsia Gas Field is just a small proportion of the company's Perth Basin Permit area. See attached chart.
What is AWE's gas/oil potential on further discoveries inside this much larger Permit Area, or would they have already surveyed the entire area? Could it be possible that AWE's potential value could be a lot higher than what it already is taking into account these other areas?
In fact, what does Permit Area mean exactly? What rights does it give AWE?![]()
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