Why didn't they spend the time publishing some seismic line sections and interpretations to show us what they really found at Xanadu? TEG published one section in their QR, but NWE is the operator??? wtf.
I had a look at the seismic and structure map for the North Eregulla prospect. The "amplitude response" in this cross section seems to support the high case estimate, and if im reading it correctly, and then some. Does anyone else concur?
There's also some amplitude blips in the middle of the wagina - dont really know what to make of that - may need to see a doctor?
As for the prospectivity of the permits in the Dandaragan Trough - yep they're red hot atm. NWE/MINs ground is optimally placed, shallow depth of target horizons to the north means we may get oil (lower formation temp)
NWE Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held