hartleys report

Hey all, nice to see a little uptick in the SP today.
I believe it is only because of Hartley's NWE report:
http://www.norwestenergy.com.au/
(First link under Recent Announcements)

Worth a read (obviously only the parts relating to the Perth Basin.

"AWE is the dominant acreage holder in the northern Perth Basin and holds a net interest in approximately 620,000 acres (1 million gross acres) in the Perth Basin that is prospective for the Carynginia Formation (including EP413). AWE estimates the middle section of the Carynginia Formation within their acreage contains between 13Tcf and 20Tcf of gas in place."

I agree with the report also stating that other Perth Basin stocks have more upside (proportionally to their MC) if the upcoming drilling results are positive, however, IMO AWE's SP is currently pricing in 0 for the Perth Basin.

I will admit, that if the upcoming campaign for AWE fails in the Perth Basin, the SP will be in the dole drums until they can get a Farm in for their recent large investment.

Could the 'tide' finally start turning for AWE? I am a long term shareholder, and have had little to get excited about for 3 years.. sigh.