nothing to do with the concrete. Many sellers will have taken a good profit and do not want to hang in there for the process that follows a discovery. This process includes production testing, appraisal wells, gas sales agreement, development plan and finally development. Some of these processes require govt approvals , environmental approvals etc . Somewhere along the line there will be a cash raise , however, NWE could also debt finance if they have certified proven reserves and a gas sales contract. This process , in one form or another, follows any oil discovery, and as often is the case the share price softens ,.....unless a takeover offer emerges.
NWE Price at posting:
2.3¢ Sentiment: Hold Disclosure: Not Held
