let's talk production, page-2

Capital needs depend a lot on the share price.
As was posted earlier on another thread, the options expire 30th June with a 10cent conversion.

There is over 100 million options out there.

One would expect that if the share price is above 10cents that there will be a significant conversion.

That money goes directly to the Company.

The beauty of the Arrowsmith2 well is its proximity to existing main pipelines that feed directly to Perth.
Relatively inexpensive to capitalise on a production well.

The number of well sites will depend on the fraccing plan and how far they drill in each direction. I assume that this will all be canvassed with the American consultants.
That is a set of questions that I will ask our people at the Sydney Oil and Gas Conference and I will post what I find out here when I return. NWE has a stand at the Conference and last year Peter, Andrew and Shelly were all there to answer questions.

I don't know who will be there this year.

The Shale structures are extensive throughout the permit area and I assume that where the wells are placed will be determined in conjunction with the seismic so that our yield is maximised.

Regards

Potter