NWE 0.00% 5.6¢ norwest energy nl

Ann: Norwesterly Edition 4 , page-29

  1. 5,657 Posts.
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    Brucesterfer.

    The A-1 flow rate declined quickly after the initial rate of 4mmcf/d
    It was interrupted that A-1 hit natural fractures, but where not extensive.
    The gas charge is there as A-1 is only 400 meters away.

    As stated by the last ann. There was limited horse power of the fraccing rig. So this could have an effect on flows.

    I am very surprised at the flow rate of the "K" zone. I had pretty much written this gas zone off.
    Even happier that it seems they have nailed the problem down. (combo of oil,water blockages) and shows just how complex working 2+km under the surface is.

    You wonder where the share price would be if 200-400mcf/d had been announced last year. We could be in a very different place than now. But it wasn't.

    Very interested in the oil source. The "K" zone is an effective trap right through the Perth basin at a number of oil fields.

    Solid announcement. Feeling pretty good about my investment.



 
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