We all know the positives with this stock.
1000 metres of shale from A-2
Thick Carynginia
Similar to best of Nth American shales
Previous flows of 4mcfd in A1
US experts excited about prospects
Gas seeping from cores taken during A2...bubbling!
We know the gas is there, we know this formation has flowed significant gas before and those with experience in the US think it is highly likely to deliver the goods.
What are the risks with this stock?
Minister might not approve
Minister might continue to delay (how long has it been with him now?)
Fracture stimulation doesn't deliver flows (really?!)
Rig availability if/once approved
Cash....
Weather/floods? Is the North Perth Basin prone to flooding/cyclones?
what else?
Most of the risks I've identified are unlikely to be issues IMO but i'd like to get some other opinions on it.
risks
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