Another expression about mixed feelings on the Minres takeover of Norwest:
"Its like watching your mother-in-law drive over a cliff in your brand new car!"
Oh well, if anyone keen on the North Perth Basin future gas potential, there is TEG and TPD to watch for the calendar 1Q 2024 three well drilling program in the adjacent block L7.
And for the really aggressive oil and gas punter with a very high risk investment profile, PCL in PEL 87 in the offshore Orange Basin, SW Africa with proposed drilling in calendar 2H 2024, subject to Woodside exercising their option to drill a well.
Note these are all wildcat drills with the corresponding degree of high risk for an oil and gas discovery and definitely not for the faint hearted, I would suggest.
This is not financial advice and do your own research.
