NWE 0.00% 5.6¢ norwest energy nl

it's adding up, page-20

  1. 107 Posts.
    Hi Andy,

    thats right, it was not mentioned in the Announcement yesterday where the flows came from, yet it was stated in Proactive Investors:


    ''Norwest chief executive officer Peter Munachen told Proactive Investors that flow rates were likely to increase: “We are optimistic that is what will occur, but in terms of what rate it will flow at, that’s the 64 million dollar question.”

    He added the flows came from a single 50 metre frac zone, which compares well to the flows of 1.8 million cubic feet of gas per day or more from multiple frac zones that have been achieved in the Cooper Basin''

    that the flows were measured from a single 50m frac zone - if thats the case - it is even better but would of been nice if reported properly.

    I have emailed Management requesting clarification.... will update on reply.

    Cheers - VoM.
 
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