IMO its all about the drill rig.
If and when NWE announce a rig contract for drilling Q2 (as they have suggested), they will run very hard.
But the timing seems very short given we are already into February. We would need to see an drill contract announcement very soon to make that timing.
In this market, NWE could easily double in the pre spud period given how many boxes this sort of drill would tick....
Gosouth
Thoughts On NWE 2020 potential, page-10
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