What I am trying to tell you is that I believe that it is a mistake to loose confidence.
Nwe is dealing with mother nature and she is a cruel mistress.
3000 metres below the surface in material that you cannot put in your hand and feel the texture of. With the very best of technology and engineers, things don't always play the way you want. We are still on track. The well is taking a little longer than we all hoped but it hasn't collapsed in. It hasn't got a stuck drill bit. It is cleaning up. Flow rates for the shale are amongst the best the Americans have. We have Oil. A bonus that seems to be lost on the Australian investing public and if you go back to the Norwesterly the company has said that the Kockatea is EXTENSIVE. (Sorry for shouting). If that is the case and we have an Oil Kitchen in the Kockatea then Horizontal fraccing of this zone will yield copious amounts of OIL. (Sorry again).
I am exuberant about the Oil as I kept asking the company before fraccing if the had any indication of Fluorescence in the scats or on the shale. They were not expecting any Oil. I was because A1 had flourescence in one or two of its layers. Technology back when it was drilled did not have the ability to explore it further. The Americans developed it and we are in a position to reap the benefits. Light Sweet Crude is the hallmark of Shale Oil and it is exciting.
For all you to be wingeing when we are on the cusp of something big just tells me that you have no idea what we have and you have little understanding of just what it takes to get these wells into a productive state.
This is a very exciting prospect. Those of you who are loosing faith need to take a deep breath and refocus.
Go you Good thing.
NWE Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
