also negotiating to use the weatherford 826 rig (think its currently being used by EGO) - correct me if I am wrong. Should save Bharat on mobilisation costs and us both on timeframe.
So thats pretty good news from an operational point of view. The crew is well versed in North Perth basin drilling.
Digressing for a second:
As I mentioned on Monday, I think leveraging on any shale infrastructure and going back to TP15 is definately on the cards for Norwest in the medium term. this announcement confirms thisd - NWE hasn't written off TP15 prospectivity and hydrocarbon shows at RH is all positive for the area.
Also notice they listed Xanadu last in prospects...has something changed?
This is all very exciting news. If we perform like EGO we should be seeing 15-20c on the cards in the next months once we start drilling and announcing solid finds.
DYOR
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