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Xanadu Drilling Schedule??, page-42

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dIETZr

431 Posts.

03/03/17

22:10

Post #: 23092178
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Originally posted by Shrewd Crude ↑

hey quanyum....
each to their own mate... I like teg and its most amazing investment in xanadu.. but im happy with norwest... we have zero drilling expenditures for xanadu so we save 2 million dollars... money that we don't have... we also have the proven arrowsmith concept with horizontal completion lol and a phenom unlocked shale gas resource... and we have the next most promising gas exploration target in perth... with 20% of lockyer and at advanced stage for planned drilling .....
norwest have stated/ and in the presentations that we plan to be drilling up to 3 wells in the next 18 months... they came through with xanadu and proven before albiet a very long time ago that norwest can and do get the deals done... and shall we be tabling these 3 projects that norwest will be due a heavy re-rate.... arguably a re-rate that should already be underway with confirming xanadu...
its sickening to think norwest have a play on 40million barrels of oil mid case and no real deep buying interest....

the market has spoken early... its not even if the drill is far off....to date the xanadu partners dont get the huge re-rate that one would have thought... the upside to the well is totally misconstrued by the cost of drilling the well... $7 million aus... I did suggest this to be a risk in the upside sp band...
this xanadu is actually the big deal the oil market now just looks past credible oil assets/portfolio/projects/goodwill/resources/acerage dating back to 2008... we aren't getting the interest we require and surviving the oil crash of 2016 we have had to issue lots of cheap shares that are filtering through with profit takers......
The next step is confirming the xanadu drill date... we now know the current estimate to be august/september...im sure over the next few weeks norwest will update the market and present xanadu...
....
norwest next step .5c-.6c and a path to 1c...
the markets just not there at the moment for a deep run in sp...its so dissapointing really.....

Norwest in its current form the most rated oil investment ive ever seen... pity its taken near on 7 years coming lol...in another time period we would have been millionaires off this... if the market crash didn't happen in 08 I would probably be a billionaire now lol....
anyway im just dreaming....

the intrepretted size of xanadu could have this field holding half a billion barrels of oil in high case... if we did bag up 100 million barrels of oil our stake norwest could offer a return to shareholders that has never been seen before ##anywhere##...norwests shareholders deserve it more than most its been a horrible dive and oil market... so make sure you buy some last shares in the .5c range because this is only going up pre xanadu ... and possibly to $1.50....
I think the xanadu results are going to be abit much for me to take in... I will just sit back at the beach and let nature take its course....

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you are talking as if Xanadu was a certainty.
It is not.
A far as I know the estimate for a strike are 20% more or less.

I do appreciate your enthusiasm but this is borderline up-ramping.

NWE Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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