excellence oil gas, page-51

The following is from the oilbarrel artical 5/3/2014
Norwest Energy completes field work at Arrowsmith-2...now comes the build-up to Arrowsmith-3.

These two points need addressing IMO.
1)being all warm and fuzzy won't!!
2)The company has hired an environmental consultancy to get the permits for its planned 110 sq km 3D seismic survey around Arrowsmith (better find one that gets it right first time) I hope they are bound by productivity clauses just like the mug/us workers are.




First, however, there are a number of hurdles to overcome. One is regulatory: it is never easy being a first mover, particularly when your project involves fracking and the company admits it has experienced delays in “navigating through uncharted territory” to gain the necessary state and federal environmental permits. The company has hired an environmental consultancy to get the permits for its planned 110 sq km 3D seismic survey around Arrowsmith: it has already conducted a spring botanical study, with a follow-up planned, and a Native Site Heritage Survey was completed in the December quarter.

The second big hurdle is funding. The small cap ended 2013 with around A$4 million in cash, which doesn't buy you much when it comes to horizontal wells and multi-stage frack jobs, particularly given the inflated costs of sourcing the right equipment in Australia's still immature shale industry.