pottersupport, page-8

If you want to know the history of the Perth Basin, take a look at this:

AN EVALUATION OF THE HYDROCARBON POTENTIAL OF THE ONSHORE NORTHERN PERTH BASIN WESTERN AUSTRALIA


Then take a look at these in TTE's latest presentation:

Ocean Hill #1 • Good gas shows associated with sandstone beds in the Cadda Fm • DST 2 test @ 3070-3130m flowed gas at a rate of 0.7 MMcf per day

Indoon #1 • Stabilized flow rate of approximately 2MMcf/d from the Cattamarra formation
@ interval 2101 – 2257m

East Lake Logue #1 • Drill Stem Test 1 over the interval 2184-2430m flowed gas at a rate of 10.4 MMcf per day.

Following completion and stimulation the well flowed gas at a stabilized rate of 14.1 MMcf per day from the interval 2327-2333m - thats just from a 110m interval!!!!!

Arrowsmith #1 • Produced gas at a rate of 4 MMcf per day from a zone within the middle units of the
Carynginia Fm. - from a zone within!!!!

Woodada #1 • Flowed gas at a rate of 6.9 MMcf per day from fractured Caryginia Formation limestones



Seriously, how can you not be excited by this?
Does anybody really doubt there gas won't flow given the history of the basin and the Carynginia formation to FLOW GAS?!

It is just ridiculously cheap.
I have sold down my portfolio until after the Greek elections, but haven't sold a single share of NWE. I may just pick up some more.