Bloodbath, page-91

First 91 Last

Share
Profile

Follow
Al99

2,629 Posts.

677

23/02/18

14:32

Post #: 31292596
Share

Originally posted by Pottermore ↑

Al99,
When NWE finished drilling Arrowsmith 2 AWE management were so impressed with the manner that the drilling was carried out that they approached NWE to consider managing the drilling of their next well.
(I forget the name of the well).
Internal rumblings from AWE stopped that contract from being signed.
Shelly was the Engineer in charge of the Arrowsmith 2 well for both the design and management.
Her reputation is first rate in the industry.
For goodness sake give her time to bring alll this together.
She has already drilled a well in this hostile economic environment which many said could not be done. Sure the retained percentage was lower than NWE would have liked but we have at leasted advanced to the point of discovering that there is Oil in Xanadu.

Stash:-
NWE are not the operator of Jingamia.

Expand

Pottermore

I'm not disputing any of that, although I have serious reservations that AWE would allow anyone to operate a well like that where they held no equity.
I know Shelley's background and I don't dispute her skill set.
None of that helps support Tui's previous statement.
And the delays in the 3D against the timeline and the potential slippage of drilling for the appraisal well will not help either.
I held a reasonable holding in NWE but sold as I could see the slippage and value decline that runs in parallel.

Cheers, AL

NWE Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

EMD

Emyria's Empax Centre chosen for mental health clinical trial

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

FHE

Frontier Energy achieves key milestone for Waroona energy project

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

BRX

Belararox delineates another porphyry in Argentina at Tambo South

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25