NWE 0.00% 5.6¢ norwest energy nl

money's in and the rig is almost here, page-9

  1. 7,063 Posts.
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    NWE only seem to have raised about $800,000 from current issue, giving it approx $1.3m cash ... will this be enough?

    They are paying 20% of Twin lions-1 and 5% of CH-3 and Vindara. if well costs blow out, say $5-7M each, NWE could be looking at a bill of at least $1.5M .. I think I have these numbers right?

    Doesn't look to add up so far?

    If only they offered free options, things might start moving but then what would happen to directors options?

    Just my opinion as a mug oil speccy, do your own research.
 
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