Wow! Congrats to Iain and Shelley at ERL. This is an outstanding result - without doubt the highest sustained gas flow rate onshore Australia (and on par with many giant fields offshore). A lot of people and companies have looked over this acreage since the 60's and wrote it off - just goes to show we still need Geoscientists to bring the ideas......that's where REAL value is created in companies like ours.
Can't wait to see Maiden Reserves statement in a few weeks. My money is on Lockyer Deep eclipsing the Cooper Basin Fields (Big Lake, Moomba) to become Australia's largest ever onshore discovery.
NWE Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
