re: Ann: Notice of Annual General Meeting/Pro... 5 year...

re: Ann: Notice of Annual General Meeting/Pro... 5 year timeframe from annual report? is that right?

"developing a five year work program to accelerate the timeframe to reach the point of commercial production of shale gas"

3 to 4 months of tests
The next phase of this project is expected to take 3-4 months

cash admin costs $500000plus a year

cash in hand ?

more spp likely?

once they prove it is commercial then 5 year program


one to put away and let develop from here
next few months should confirm the asset and see a spike.

reminds me of ccu at 9c

let the traders and macquarie pumpers play with it in meantime. my target was always 12c. should easily exceed that over next 3 to 4 months.

resolution seems aimed at likely outcome here of a takeover play at some stage in next few years? 5 years is a long time

annual report very detailed and top marks. not sure of admin and company secretary costs outsourced at $3m plus?

thoughts? takeover play most likely outcome? nwe board is thinking it through