superbly positioned, page-47

yes, NWE is encouraging for TTE - but bear in mind that the good stuff is down at the 3,000 metres to 4,000 metres plus levels (the Kocketea, the Irwin Coal Measures and the High Cliff sandstones).

So, it won't be cheap to drill.

On the other hand, the Allen Dome salt dome is cheap to drill and oil is already being brought to the surface and sold as soon as it reaches the surface.

I know where I would be spending TTE's money in the next year or so, if I were in charge.

Plus, Aussie dollar still at 94 cents against the US dollar and more big brokers predicting it will go down a lot further (Goldmans have revised their 12 month target downwards - now predicting 85 cents and a twenty per cent chance of Australia going into recession).

That's almost 20 per cent down from the Aussie dollar's highs.......... Or, 20 per cent more profit for doing what TTE is already doing - producing oil in the US of A!

All the above is my personal opinion. DYOR.