if magnolia is a dud, what price norwest?

There's alot of hype around Magnolia at the moment, with nearby Vesta oil and gas find and apparent minimal (old?) faulting? ... BUT we all know the best way to screw a highly prospective lead, is to drill it.

Wot price then NWE if Magnolia fails? I'm not that excited by NWE other plays except TP15P and India. Puffin and Jingemia will bring in some income but will only pay directors fees.

So I suspect NWE would fall to 12c and stay there until TP15P drilling is announced or any Indian deal.

A bit sad for those who bought @ 20c+ or took up the latest Share issue.