looked at some flow rates of the profitable US shale gas wells as half of them wont be profitable at the current US gass prices, and our flow rate if mulitpied X times for a horizontal well are up there with the best plus the better gas price in AU. Also looks like the good flow rates are from all the zones being tested. Only negative would be the high price of bringing a full shale gas well on line at the moment when compared with the US, but should come down sometime.
NWE Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
