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NWE norwest energy nl

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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giarc63

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27/10/21

09:12

Post #: 57100201
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Originally posted by seahunt: ↑

"Cash and cash equivalents at 30 September 2021 were $6,040,000. In addition, and subsequent to the end of the reporting
period, the Company received funds totalling $154,534 as a result of completing the EP413 transaction, and a further
$377,738 as a result of the exercise of options (both listed options and employee incentive options). The Company has
been cash-called for approximately $750,000 for EP368 and EP426 costs pertaining to July/August 2021 (principally for
drilling of Lockyer Deep-1), due for payment early November 2021."

More cash on hand than I thought they would have

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Very good and positive update - cash on hand of over $6 million with more options to be exercisied for more cash is a fantastic position for the company to be in with all this activity approachng in 2022.

Let's get production testing done for Lockyer Deep-1 and move on to actual production and more $$$$$$$$.

NWE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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