Just sent the following email to my mate. "Hi Bruce, Here's the...

Just sent the following email to my mate.

"Hi Bruce,
Here's the Good Oil from NWE.
Just had a 40 minute chat to Peter Munachen. As you know they are having to raise some more money ( $1m ) which has been fully underwritten by Pattersons. In fact Pattersons are really excited about the Perth Basin. I am going to take up my $15k's worth. Xanadu has definitely got an interested party that is progressing towards a drill. The 3D Seismic at Arrowsmith3 is proceeding and up north AWE's Waitsia is right next door to one of our permits ( about 10km ). Waitsia is one of the biggest conventional gas fields in Aussie.And AWE are going to progressively drill towards our permit.

This business is very demanding especially fighting the Greenies. Fortunately the local Broom council approved fracking today which is a big plus."

NWE have worked extremely hard under trying conditions. I am looking forward to the next few months. Well done Pattersons.
Fully underwritten.

Some things take an awfully long time.