Keepin' an eye on ASX:BurLooking good with under 200 million shares on issue,
market cap under $20m and
a drilling program in the US underway
Wednesday, April 21, 2010
Tuesday, April 20, 2010
NWE UPDATE
Interesting paragraph I had read:
Direct from the QUARTERLY ACTIVITIES REPORT released to the Market on 16 April 2010:
"
Farm-out negotiations
It had been previously advised that Norwest expected to conclude farm-out discussions for its TP15 permit by the end of March, however with the recent emergence of the shale gas potential in Norwest’s Northern Perth Basin acreage the nature of discussions have changed and several new players have come to the table.
Norwest is keen to have any farm-out of its operated Perth Basin permits (EP413 and TP/15) reflect the value of the shale gas potential. Accordingly the farm-out negotiations are taking longer than previously expected, but are likely to deliver a considerably more favourable outcome for Norwest
'"
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