Youngeagle, I don't think anyone has any idea of exactly how this will unfold after the Arrowsmith-2 fracc program... But one thing for sure is early commercialisation has been widely reported, with near pipeline to grid... From this one could assume (perhaps) arrowsmith-2 going into production from vertical........I would have thought HCliff would come into production much further down the line with the lower cost, and more accessible shallower shales going into production first... that of the carynginia and Irwin, and kockatea somewhere... and with the Carynginia reported to hold in place 13-20tcf, (2 billion barrels of oil equivalent), this would become a main goal to harvest this resource...
Now these are just my thoughts, I don't know the finer details of how this will unfold, just that it will... the finer details are mostly out of our grasp yet I will explain shortly... Arrowsmith-2 will be used to best gather information for future horizontal well's...meaning that the next well arrowsmith-3 (?) being a horizontal producer... perhaps using arrowsmith-2 as a test case... we have Arrowsmith-100 in time... It would make sense to keep the first as a vertical test/producer... it may even be more plausable to drill more vertical tests to better define the size of our resource... also to note, many horizontal completions can be produced from each well pad... So to be honest, it is no big deal if arrowsmith-2 is completed as a horizontal or a vertical producer...
there are a few posters here who are close to management who would have a better idea than me... but we have some serious gas in there...
its going to take time to interpret the current fracc program to plan a forward program for the best path of maximum future gas output, for the best interests of the company and us... Yes we all want to see production right now, but for the long term our best interests are to wait for a forward program based on the results of what is still happening right now... so I would guess we are still one month or more off finding out a reported path to production stage lets not get ahead of ourselves... Peter has led the rebirth of Norwest with more likely potential, than the company has ever seen before...or any other similar market cap for that matter... I will trust his judgement on whatever path he see's fit... ... conventional oilers are about to get shot out of the water... the grinders of this oil industry have been outdone by a process so simple, handed to us on a plate with some mighty reserves, and the market doesn't even blink...
to date securing the enviro decision and these flow tests have been paramount to commercialistaion paths... so I guess after the fracc program we will have plently of time to discuss and throw around ideas... but for now I'll just wait on the flow rates from our target shales...
We have some big things in these shales... don't miss the point that we hold strategic reserves, country changing independence of energy, in these shales... arrowsmith-100's in theory all rollout... just be patient my friend... lets journey...
.^sc
NWE Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held
