Notes: - EP368/EP426 structure and accumulations look far superior in size to STX/WGO in the Erregulla Deep complex, if you use 4720m TVDSS as the gas water contact point. - WGO/STX accumulations could be compartmentalized. NWE/STX less so in Kingia - Structural traps in EP368 and EP426 look likely to be at similar depth to LD-1. Indicate possible condensate as well? - Net volume of structure captured by EP368/EP426 appears to be 3-4 times the size of WGO/STX. Could be another Lockyer Deep size!? - Good drill sites identifiable on 2D without 3D, but quantification of resource size with 3D is key to valuation
NWE Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held