They're continuing to study - they're NOT producing.
That's a PROBLEM when you have only 1 or 2 mil sitting in the bank.
I believe many holders - like me - believed that after this initial well program - they were going to then pick one of the layers and then horizontally drill it and start production.
Maybe my assumptions are too simple?
I don't know.
What I do know is that instead of being 5m from the finish line - we're little more than half way through the race - and when the cupboard is looking bare AND we have a significant way to go.
All I can say is not happy Jan.
NWE Price at posting:
4.0¢ Sentiment: None Disclosure: Held