With the much hyped NWE/AWE Arrowsmith EP413 Nth Perth Basin gas well to be drilled in about 4 weeks, it might be worth looking at other exploration companies that stand to benefit from a successful appraisal.
TTE. could be a multi bagger at current entry price of $.013. . It has 18.5% of EP 455 free carried by AWE and this must be drilled and fracced by 21/6/13. This permit is 40kms south of NWE drill. TTE also have 100% DR 11 20km west.
KEY. and EGO. have 50% each EP437. about 40kms north of NWE. not much known about this for shale gas. it was shallow drilled for oil early 2011 but all the shale and coal seams are there but much deeper than previously drilled. KEY is focused on Canning but if they ever write EP437 up as potential shale gas sp should react.
would others like to add?
NWE Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
