Keep holding though in my opinion, as i said yesterday things are expected to correct a bit but the money is now flowing out of bonds and into US shares, could you imagine how bad things may be if the bond yeild was higher. anyway I sold my CTP a bit too early paid 5.5 and sold at 6 yeah I made some short term money they are at 18 cents today! Oh well sh1t happens, I don't want to give up my NWE seat just yet though. I love to read positives...
* Immediate focus on establishing oil flow rate from the Kockatea Shale
This is a company maker in it's self! in my opinion.
• Highly prospective Carynginia and IRCM intervals to be re- entered to establish gas rates
Ok so Caryginia rates higher than. HCS?..
• High Cliff Sandstone and Irwin River Coal Measures tight gas potential could be enormous – Multi TCF
Multi Trillion cubic feet! Whats Multi...must be a HINT maybe?
• Object to establish the flow rate for each formation, after which Norwest will be in a position to:
SHOUT THE BAR!
• Predicted shortfall in gas supply in coming years
Will these new gas discoveries be the next big thing moving forward? YOU BETCHA
My opinion only of course
macquarie presentation, page-39
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