"The Company is currently considering a deeper drilling programme for Warradarge-2 approximately 4kilometres north east of Warradarge"
-
"EP455 North Perth Basin (TTE: 18.5%) Titan Energy’s farm
- in partner AWE Limited continues to refine its plans for a
proposed exploration well, to be known as Drover-1. A spud
date for Drover - 1 remains subject to approvals and rig and equipment availability."
With the benefit of hindsight one could say the shallow Warradarge-1 was a waste of time and money and should have been a deep well .
Very excited about the prospect of two deep wells in the Perth Basin .
If these come up trumps we should be rocking and rolling .
I think a number of these small companies need to achieve critical mass to avoid becoming takeover targets in the event of exploration success .
Anyone else think West Australian minnows would benefit by merging ?
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