Multi TCF was indeed mentioned. Be patient, it will come out. @OldGeo, went to some lengths, to show how this is quite possible...and remember, the JV agreed that likely area of closure is 90 sq km - compare this to WE 30 odd and SE 60 odd.
And thats for the Kingia...only....We still have something in the Wagina/Dongara...and if you don't reckon it can be substantial, have a look at our neighbour down south - they have independently assessed 200 BCF in the wagina (30 km2, 10-20m pay) at WE and just recently at SE, they had 16m pay, with 70 m gasifier...that flowed to the surface while drilling...
The long and short of it is, that at last, people are hitting the jackpots in the Perth Basin. It took 50 years, but its here and now. NWE/MIN along wth stx are now also in the circle of winners. Fingers crossed, they will all get to take these to production and become operating companies, with dividends and budgets to keep on exploring and going for some more long shots.
NWE Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
