Shrewdy, A good read. Nothing new but ducks in place. Plenty in...

  1. tui
    6,159 Posts.
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    Shrewdy,
    A good read. Nothing new but ducks in place. Plenty in the pot and robust notwithstanding the world oil/gas turmoil. Please ring me again and leave yr number.

    Had to give up tennis so it will have to be golf. Cheers.

    As you know, WA has a forthcoming gas shortage at high prices. NWE have a huge acreage (i.e EP413 and the SPA ) and AWE's enthusiasm is very heartening. The Canning recently got caned but NWE have infrastructure nearby.

    ps China consume 4 barrels per capita of oil per annum. The USA is nearly 20.

    What an absorbing oil/gas world we live in. Conventional oil peaked in 2005 then plateaued. Expensive rapidly depleting shale oil has filled the demand gap but this demand has slowed.( for now ).... But China is still growing its oil at 9 %.

    Oil will rebound strongly as investment gets curtailed.

    Put NWE in your bottom drawer...or average down. AWE are attracting interest.
 
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