5 more mths, is it abit tight?, page-7

If you listened to the broardcast from BRR then you would have picked up that
1. Farmout negotions are proceeding to link both the TP15 and the EP413 blocks together to maximise the value of the Shale Gas in the highly gaseous shales of the block. The statement by Peter Munachen that quietly said "Gaseous" gives us a good indication of the expectation of what they have got.It is significant they were involved in the initial discoveries of Shale Gas in the USA but were before their time with that. This means to me that they have experience in the resource and therefore have useful knowledge and some experience. (Very important in my opinion).
The fact that they are negotiating over both blocks together tells me that they are in discussions with a major player with significant resources, not just a piddly little Wantabee.
Munachen also said that NWE "Will drill both Xanado and Redhill South prospects" by the end of the year. Not maybe, not hopefully, not perhaps but "WILL".

2. Discussions are being undertaken to farmout the drilling of the prospects in the Wessex basin.

The company has income from existing royalties and has over $1 million cash reserve and is debt free.
Farmout negotions will mean that NWE does not have to provide any revenue to complete any of the drilling in any of its prospects.

I think it(NWE) is being managed well and I fail to see what all the nervous nellies are continually raising histeria about.

The only area of concern is the European calamity at present and you have the best available brains in Europe and the USA working on a solution to the Problem. Time will sort the mess out.
The World needs energy to continue to raise its standards of living and we have 2-3 billion people as our neighbours who are undertaking this development. Any company who has energy reserves will be worth significant amounts of money in the future. NWE is on track to becoming a significant energy company in the future.