NWE 0.00% 5.6¢ norwest energy nl

Ann: Chairman's Address to Shareholders , page-8

  1. 3,195 Posts.
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    Ditto Dice.

    We can bark about management as much as we like, and while I don't agree with the way some announcements have been made that have lacked info around the CR time, and most other times (lol) the bottom line is the resource looks suspect to the market. That average reading was a very low number and shocked a few i reckon.

    Its all fine to say this was all a test well now. Before the recent decline we were always hearing how the USA shale experts we VERY excited about the readings and how big this was going to be. Reports giving a VAL of 24c blah blah blah. Even more recently how excited Bharat were. lol. Yeah, i bet they are. During the run up NWE had, and even during the decline there was not too much talk about test wells from NWE. It was all leaning to commercialising the resource. Now the resource looks a bit shabby, its all test wells.....
 
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