It seems to me that the area of AWE's Waitsia Gas Field is just a small proportion of the company's Perth Basin Permit area. See attached chart.
What is AWE's gas/oil potential on further discoveries inside this much larger Permit Area, or would they have already surveyed the entire area? Could it be possible that AWE's potential value could be a lot higher than what it already is taking into account these other areas?
In fact, what does Permit Area mean exactly? What rights does it give AWE?
AWE Price at posting:
98.8¢ Sentiment: Buy Disclosure: Held
