ann pending!, page-55

or like EGO, which has gone from 0.011 to 0.043 in about one month......that's around 400 per cent increase in a month.
Before the RG1 discovery,it was being ridiculed, partly due to past failures - but it also has a good team who have put faith in their geological knowledge of WA in general and the Perth Basin in particular.

That's the fun of O & G companies - it can often be all or nothing but the fact is, NWE is in the greater Perth Basin area and it has some interesting EPs - including at least one as a J/V partner with EGO. So in my personal opinion, it is in the right geographical area for possible future discoveries, over and above Redhill.

It also has something EGO does not have.......a wealthy Indian Company backing it up. That's gotta be worth a couple of cents to the share price, you would think?