I have sent a message to Iain to inform him that I do not support this takeover offer. I believe that the gas that we have found in LD1 is of greater value than the offer. NWE is funded for the 3D seismic and for the drilling of the next three wells. We should not be selling anything until we know the size of the asset that we own. We are on the cusp of establishing just how much gas and Oil that we have as I believe that we are in the sweet spot of the North Perth Basin. I support Alexii's thoughts on rejecting these offers. NWE is sitting on massive value .... we shareholders do not have to sell .... there is no compulsory force dictating to us. Hold ! Don't sell. Just my opinion ..... do your own research.
NWE Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
