Jonnie comes lately to the USA.Terrible deal as they have to...

Jonnie comes lately to the USA.

Terrible deal as they have to drill 2 wells every 6 months using debt funding.

Major risk is that the new shale wells don't deliver the required flow rates just look at SUR as an example.

Also, I never like taking a deal from the Yanks as if you do this means there are 350 million yanks who don't want it!

Cooper play interesting, but the cost of drilling those wells will be huge.

I expect to hear in six months time that NSE has dropped out of its Canning landholdings.

NSE no longer has the enormous upside potential with the drilling in WA as it is not drilling there anymore.