While we wait- review! I cant see these guys selling their...

While we wait- review!

I cant see these guys selling their holding in Drover1 especially if they firm up Deloittes independent assessment analysis of prospective resources for EP455 that shows potentially 2.3 TRILLION TCF gas - can you?? especially if we are talking a portion of wet gas which the market pays a lot more for - perhaps i should be their marketing /Public relations Manager LOL- Also the market has had plenty of time to get on board and buy stock if these guys are right !!- and if they are then it will be a scramble to get on board
Cheers Schu

Focus returns to the Perth Basin!
"We are very excited to be actively involved in the North Perth Basin which is primed for large scale activity in the coming months; and it all kicks off with Drover-1. REA-Deloitte’s independent assessment of the Prospective Resources in EP455 being in excess of 2.3 trillion cubic feet of natural gas has reinforced the Boards’ belief that this will provide a significant stepping stone into the future."
Focus returns to the Perth Basin!

We are very excited to be actively involved in the North Perth Basin which is primed for large scale activity in the coming months; and it all kicks off with Drover-1. REA-Deloitte’s independent assessment of the Prospective Resources in EP455 being in excess of 2.3 trillion cubic feet of natural gas has reinforced the Boards’ belief that this will provide a significant stepping stone into the future.

EP455
18.5% WI | 110,000 acres
Snapshot

• Drover-1 drilled to a TD of 2356m
• Undergoing analysis and evaluation of core and logging data
• Highly prospective petroleum title

• Experienced operator & joint venture partner AWE Limited
• Large prospective resources

• Comprehensive evaluation & testing programme

In exploration permit EP455, the Drover–1 vertical exploration well reached its planned total depth of 2,356m and 5 1/2 inch production casing was set before the well was suspended in July. The target formations intersected were the Kockatea Shale, 787m, the Carynginia Shale, 257m, the Irwin River Coal Measures, 289m, and the High Cliff Sandstone, 14.5m. Two cores were cut providing 21.5m of sample from the Kockatea Shale and sidewall cores were taken in the most prospective intervals. Significant gas readings were observed during drilling of the Kockatea Shale and Carynginia Shale and log and core data from these intervals will be fully analysed and evaluated before deciding on the next phase of exploration activity.
Titan Energy is participating in a joint venture with AWE Limited, which has farmed in for an 81.5 per cent equity share of EP455. Pursuant to the farm-in agreement, AWE will carry Titan through a gross permit expenditure of up to $7.5M after which AWE will pay 81.5% and Titan pay 18.5%. AWE is a highly competent operator having been involved all stages of exploration and production within the Perth Basin.
The North Perth Basin is a proven petroleum basin, historically producing in excess of 650BCF of natural gas and 26 MMBO. Two appraisal wells, the Woodada Deep-1 and Arrowsmith-2 have both been drilled, logged and fracture stimulated within nearby permits. Both of these wells flowed gas to the surface from various target zones. Commercial development of the North Perth Basin is heavily favoured by its proximity to the West Australian domestic gas market and existing infrastructure including the 420km Parmelia pipeline. Most importantly, the targets are at a realistic depth in the Cadda Terrace sub-basin to allow for development into a large scale commercial gas operation.