Yes, nice find.
‘Has Potential recoverable reserves of about 27 million barrels of oil’ and proved ‘Xanadu was a Cliffhead lookalike’.
Yes blue sky is back in the picture for NWE.
With a current MC of $10M, a 25% share of Xanadu a 10 to 20 bagger is among what is possible.
You can see why TEG has been aggressively accumulating holdings in the Perth basin.
Well done Shelley, holding the fort and preserving NWE’s potential over the last 12 months.
Saltbus
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