Trace it back to the UK pre GFC. Alternatively get hold hold of a special presentation that Peter Munachen did at the Sydney Oil and Gas conference a few years ago. It was all about the history of how NWE managed to get alongside a Fortune 500 company and attract them to Australia to explore for shale gas in a permit that has been rated as one of the best 10 prospects in the world.
I know at the end of the day money talks but believe me this NWE/Bharat relationship is very strong. Theyhad the chance to go to America but they opted for Perth. And they are well pleased with the results to date. In fact they are formalising a 5 year plan to exploit it. Can't be too bad eh? I reckon they could make this commercial just with the HCSS but they have certainly come up with some other opportunities. Which only improves the situation.
NWE Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
