Fairly direct comments from our MD. Clearly has the same train of thought as the majority of us. Get your hands out of our cookie jar!
‘’The unsolicited Offer from our joint venture partner comes at a time when we are on the cusp of a transformational drilling and seismic campaign which aims to prove up Australia’s largest ever onshore conventional gas field. Perth Basin gas is becoming increasingly valuable, as evidenced by the ongoing and intense bidding for exposure to the high-margin Perth Basin Permian gas play. Mineral Resources stands to benefit considerably, including as an end-user, if it is able to consolidate ownership of Norwest’s assets to secure full control against a backdrop of an increasing WA domestic gas price, the possibility for export and the creation of new downstream industries. The Board is strongly committed to maximising shareholder value and remains 100% focused on acting in the best interests of all Norwest Energy shareholders.’’
NWE Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
