Only half right on that guess, 'stockrocker'.
It was the Perth Basin drilling that cost an arm and a leg, I believe (but had to be done per DMP rules, to retain the lease).
Maybe they should be considering selling the DR11 lease. Or at least getting a farm in - as it will not be cheap to drill down to the required depths of 3,000 metres needed to reach the Kockatea formation and the Irwin Coal Measures (the depths that NWE have found the good stuff).
Same with the AWE partnership (sell it?) which they have already stated AWE will spend $7.5 million on, before hitting TTE for costs.
That alone gives us an idea of cost of drilling to these depths, in the Perth Basin.
Is that a bot working it's dirty deeds in today's trading?
Lots of little parcels going through for a few dollars, last time I checked.
All of the above is my personal opinion. DYOR.
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