a2 costs

This should clear up some of the chatter about a CR.
This is taken from the Hartley's report 17/july/2012





EP413
This permit could be transformational for Norwest. It contains the Arrowsmith prospect which is soon to be the subject of a multi zone hydraulic fracture stimulation program performed by Halliburton. Norwest acquired the majority of its interest in the permit in January 2010 for $90,000 from Origin Energy Ltd. Since then, Bharat PetroResources Ltd farmed into the permit by committing $10m to the project, including the carry of Norwest’s share of costs up to $5m, to earn a 27.8% interest. The current ownership interest in the permit is Norwest 27.9% (operator), Bharat 27.8% and AWE Ltd (AWE) 44.3%. Bharat is a wholly owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), a Government of India controlled entity. BPCL operates three oil refineries and retails petroleum products throughout India.
The permit covers an area of 125,530 acres, the south eastern portion of which is prospective for shale gas in the Carynginia and Kockatea sequences (plus IRCM and HCSS tight sands). We estimate that the permit has the potential to hold around 5.6Tcf of unconventional gas in place. Importantly, EP413 is in close proximity to the Dampier to Bunbury gas pipeline that feeds the Perth metropolitan area.
Except for the Arrowsmith-2 well, there has been very little recent exploration in the permit. The next most recent well was the Freshwater Point 1 well drilled in May