great post TBE. What should also be remembered is that should...

great post TBE. What should also be remembered is that should the Arrowsmith2 frac produce the results we hope, it will rerate the entire NWE Perth basin portfolio.

From the last quarterly....

EP368 and EP426 – North Erregulla (Norwest 20%) ".....Apart from the conventional targets at North Erregulla, Norwest also considers the permits prospective for shale gas, especially with the background of its regional knowledge acquired though other activities in the Basin. As a consequence, Norwest engaged Denver based Hoyer Petrophysics to conduct an independent petrophysical analysis of North Erregulla data, the results of which suggested that there is significant shale gas potential at the lower Kockatea level. The Kockatea is one of the key shale sequences present throughout the northern Perth Basin, which also includes the Carynginia Shale and the Irwin River Coal Measures, all of which are currently being evaluated by Norwest at Arrowsmith."

STP-SPA-0013 Special Prospecting Authority (SPA) (Norwest 100%)
".....This SPA was secured in order to extend Norwest’s understanding of the shale gas present in the northern Perth Basin. The sedimentary section on this block is known to contain thick shale formations, principle of which is the prolifically developed Kockatea Shale"
"....Two wells reviewed in this study were Point Louise-1 (drilled in 1981) and Jurien-1 (drilled in 1963), both located on the western side of the Beagle Fault, both of which showed favourable indicators for shale gas.
The report stated that the Kockatea shales have the potential maturity to produce gas, contain fair TOC content and are composed predominantly of type II kerogen.
Both wells intersected thick sections of the Kockatea Shale, with Point Louise-1 intersecting 459m and Jurien-1 247m."

A great future awaits.