It might be nothing to do with NWE and more to do with the cycle. The cycle seems to be turning.
That is evident by the fact they were:
1. able to get partners to drill Xanadu
2. taking part in the Jingemia reopening
and also the takeover of AWE and a lot of interest in the sector generally.
Your idea is sound but maybe you are coming back to tell us how good your decision was after the fact and also just at the time when the cycle is going to turn properly.
Time will tell.
http://www.321energy.com/reports/flynn/current.html
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