NWE 0.00% 5.6¢ norwest energy nl

Xanadu 3D Seismic, page-65

  1. 2,932 Posts.
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    The only road blocks that I see is if the yield percentage is significantly lower than I have guessed at or if the flowability of the structure causes extra expenditure to extract the Oil and we run into issues as in Jingamia with well integretity.
    I also think that Grey ghost is on the money with increasing our percentage of that field .... the problem is we don't have any money to be able to achieve that outcome and a capital raising at these share prices is not an option in my opinion.
    Oil and gas investment is on the nose at the moment because the community has been sold the lie that alternatives are a viable option. Electricity production is not energy efficient when you consider that to generate the power you only get a maximum of 40% efficiency from the fuel that you use to generate the power, then when it is transmitted to the user you loose another 5% , then when you use the power in an electric motor you get only 30% efficiency from that ..... so in my opinon .... you only get under 10% of the original energy to use.
    With Oil you can get 40 to 60% energy use from the stuff directly where you want it.
    Thermodynamic theory in 1975 was that the most efficient heat(Oil fueled) engine was 50% but the Japanese boat builders are getting 60% from new technology.
    Eventually the investment community will come back to Oil and gas and those company's who survive with reserves and production will win big time in my honest opinion .... the essential thing is to survive.
 
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