1 billion barrels of oil potential, page-64

Leveller wrote
"would like someone to post the exact deal that WER have - that would be great - although we are getting a little ahead of ourselves..."

Leveller
It might be better to further discuss the details of the WER/ADX arrangement on the thread I started that already has some info on the deal.

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=972010&msgno=4419064#4419064

I would hope you and other posters will contact WER yourselves and post up your impressions of the deal they have with ADX.

If this was a conventional farmin, I would be hoovering up ADX shares at 12c for sure.
However, its not, and I think most punters on this thread do not realize that.
Without the farmin, the Silicy Channel permits are just another junior oiler dream. So the terms of this farmin and credibility of the farminee are very important in determining the legitimacy of the Sambuca prospect.