Take a look at westsides (WCL) investor presentation on slide 11.
Meridian seemed to have a similar flow rate to BOW's (and even declined further) until they undertook a "workover program", which took their flow rates to 500mmcfd, 1500mmcfd and then with the workover 2 took them up to 2500mmcfd.
Now, whatever a workover is, why couldn't BOW achieve similar improvements in their flow rates?
Especially in Norwich where we have intersected 50 plus metres of coal!
BOW Price at posting:
$1.50 Sentiment: Buy Disclosure: Not Held