NWE 0.00% 5.6¢ norwest energy nl

8th annual excellence in oil & gas conference, page-36

  1. 935 Posts.
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    Diceman, it doesn't matter whether it's an independent who comes up with the estimated reserves, but I fail to see how someone can estimate a resource based on almost no data whatsover? They haven't cleaned up all the sections, there are only 2 flow rates available. How can a serious conclusion be drawn at this stage?

    Hence, my dart throwing analogy.

    I think I'll be taking the report with a grain of salt. NWE are paying the bills to make this report. You can rest assured we won't lay our eyes onto it until NWE deem it an acceptable 'dart'.

    I guess I'm just trying to say it will be an interesting announcement, but I doubt it will have the impact that some may be thinking.

    I forsee a lot of " if's " coming. IF each layer flows X, we could see Y reserves.
 
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