Hi JV
I have been toying with the idea of sending NWE the following questions. I know that they are very busy with all projects and I do not want to bother them unnecessarily.
However I have sunk a great deal of my money in this company and I am hurting like we all are.
JV if you still intend to email/phone Peter, could you consider incorporating the following questions. Answers would help take the “angst” off the market.
The flow back of all zones requires the 2 3/8”pipes- sourced from overseas.
• Has the JV placed an order and what is the expected delivery date?
• Is a rig available to do the flow back testing of the two remaining zones when the pipes arrive?
• What is the estimated time requirement to carry out the remaining flow testing?
To be able to develop the commercial model the 3D seismic survey needs to be completed.
• Have the JV partners agreed to the carrying out of this survey?
The 3D seismic program is quoted in the March quarterly to be “planned late 2013”
• Is this the beginning or end of the project?
• What time is required for the delivery of the final 3D-Seismic report?
A great help for investors would be the presentation of a simple bar /flow-chart setting out the phases leading up to commercial production.
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