NWE 0.00% 5.6¢ norwest energy nl

Honestly didn't expect to see this hit the 10 cent mark. I...

  1. 161 Posts.
    Honestly didn't expect to see this hit the 10 cent mark. I topped up with a few more yesterday afternoon. NWE's cash position equals 4.7 cents per share($7.8 million) and last half year, NWE were cash positive. You have to question the 5.3 cent valuation people are giving to the 25% chance of finding 16-20 mmbo at AC/P32, the 90% commercial success rate in the US Appalachians and 50% stake in a potential North Sea gas field, possibly holding around 200BCF. This company is only given a market cap of only $18 million or so.
 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.