NWE 0.00% 5.6¢ norwest energy nl

Ann: MIN: MinRes extends Norwest Energy NL Offer, page-41

  1. 6,344 Posts.
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    But its really not that simple. We don't know (which is annoying and could be easily remedied by an announcement). Rigs take a lot longer than 2 days to set up and they could be doing maintenance ect. What we do know is that on 23rd January the Board told us that the target start date in late March. At that time "Well pads nearing completion and regulatory approvals well advanced". Have the approvals been finalised? If they were planning late march, is teh rig ready but the well services not arrived yet? Until they say something different, I don't think there is any reason to think drilling is happening now or will start in coming weeks.
 
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