** org merger **, page-9

re: ** market thumbs down ** LOL! .. but if those CEO's have a geo's degree then they can print their own money if they like.

I think the problem with ARQ is they are TOO concentrated in the Perth basin, as other's have pointed out in the past, and if the Perth Basin doesn't live up to expectations then ....

You can see ARQ moving elsewhere in Yemen and taking acreage offshore Vlaming Subbasin. I think this is just the start, if a onshore oil opportunity shows itself in any friendly country, I think they'll jump.

As to NWE, they will have 10% in the Moondah prospect which is 30-50MMBLS, and will be drilled in May .. do the numbers on that one ...NWE @ 9c looks interesting.

Although if the upcoming exploration drilling program in WA286P and T15P fails! (..heaven forbid!) .. it would put more pressure on ARQ to look elsewhere.