Hi Rpmsol,Thanks for the feedback on my post. You're right....

Hi Rpmsol,

Thanks for the feedback on my post.

You're right. NVG's leases are in the Arrowie Basin neighbouring the better known Arckaringa Basin.

NVG's leases are also closer to the gas pipelines servicing the Cooper Basin.

I'm not sure whether the 230b estimate for the Arckaringa includes the neighbouring areas - probably not.

As per their Jan announcement, the Arrowiw Basin geology is even more prospective:

Quote:
The NavGas Project areas is considered to be located in rocks older and more brittle than the nearby Arckaringa Basin. Navaho expects these rocks to be amenable to lateral drilling and fracturing to facilitate gas exploration and appraisal.

Unq.

And since then we've had the independent study that confirms the potential of NVG to have a 4.2tcf resource which would have a gross value in the billions. They've also acquired 5 more permits.