Ann: MIN: Off-Market Takeover Bid for Norwest Energy, page-186

In very simplistic terms, Flow testing suggest LD contains 30bcf / km2. 102km2 field gives around 3 TCF resource. Assume 75% recovery 2.25 TCF which is worth much more than $2B. The there are significantly derisked leads in the permits that could result in double that resource (or more or less). We have 3d underway and drilling staring in early 2023. I personally want to see NWE realise a large portion of its potential rather than be exposed to the downside risk that comes with MIN toppy share price.