over excited, page-4

hi guys,

i was actually being over optimistic with 12c for a price by earnings.

ideally you would want to see NWE dilute itself only enough to raise capital to get started.

what you would hope is the money made from the wells would be spent straight back into more drilling.

as a result this stock wont become cash positive for a number of years.

the reports show they are looking at WA for Quarter 4 this year, seems that this one will be closer time line scale.

i cant see them starting the UK play until after as they wont have enough cash to do both at same time, and sounds like there is red tape to be cut too.

the UK play does sound like a company maker though, but by then I hope the stock is not too diluted.