Hi Al99, And let's remember that the West Erregulla Gas field has 4 successful wells drilled, multiple production tests along with 3D seismic to derisk the gas resource base thereby increasing certainty. Lockyer Deep currently has 1 very good well, only 2D seismic and therefore greater uncertainty on resource base. Successful drills at Lockyer 2 and North Erregulla Deep 1 will see NWE rerate significantly. Then we get the 3D seismic to really sharpen the subsurface picture at Lockyer and Lead E.
Kind regards OldGeo
NWE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held