Ann: Change of Director's Interest Notice, page-13

FAR and CVN are in high cost off shore environments.
Each well for them would be a $50M plus proposition.

NWE is in a low cost, on shore, near existing pipeline environment. Cant get better than that.

NWEs valuation depends on what you think the realised gas price per GJ will be in the next 10 years.
knowledgeable poster on here said 30% of spot price is what you pay for recoverable gas resources.

WA spot is now $8/GJ...so given CEs declared $1/GJ cost base, thats $7/GJ in the pocket...not including export.
If LNG net back sticks to around $20/GJ and we get some dispensation to export - then its a bonanza.

as for resource size...NWEs published figures give a ball park "prospective" recoverable gas figure of around 2.5-3.5 TCF, excluding condensate. I would not be surprised if this is exceeded in Lockyer.

You can not discount near field exploration. This is now a prolific gas province, with proven reservoir.

Now do your own maths and work out your own valuation. But hang on a sec!....isnt that the job of the bored? Are they not meant to be spruiking and promoting our treasured asset?