Ann: Approval Granted for TP15 Xanadu Seismic Survey, page-57

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tui

6,113 Posts.

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23/02/19

17:12

Post #: 37542869
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Originally posted by burj ↑

Originally posted by bobbym
Factored in - the market knew the 3D was coming - just when was the question -- 3D is just a process - it doesn't tell us anything but will obviously play a major role in establishing the drill strategy and proving up reserves. The SP was ever going to leap on something that was just part of the process- Once reserves are established and proved up at Xanadu-1 then there will be something to cheer about. But if you were hoping to see the price zoom on the basis of the a 3 D you don't have many oil stocks- I've got a heap of 88E - they didn't move an inch on the 3D news, not even moving now on a drill that has started - and they are looking at shitloads more oil than there is at Xanadu, Results are everything at the end of the day, not the processes used to try and achieve them.
bobbym you didnt even believe that we were going to be granted this 3D permit as you stated in one of your posts on the TEG thread.
In fact you had come accross as giving up all hope that the WA government would issue us with this permit.
Now its in place and we must trust that a positive interpretation of the data the company will gather will favour us.
We also have positive news that only recently the state Government had lifted its moratorium on hydralic fracture for exisiting permit holders, so there's that also to look forward to.

It has been stated that we are a "Trusted and Respected" outfit in the oil and gas industry.
This is a very important fact about Norwest.

This is going to be a great year for all us suffering long term holders. ( All IMO)

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burg,
Well said. Thankyou.
"A trusted and respected outfit in the industry." Many times I have mentioned this. It is pleasing to know that you appreciate what is going on.

Shelley has worked so hard and has a really exciting time in front of her. She is an exceptional lady. It hurts me to see many posters denigrating her.

Sometimes I fear that she will be poached. But I believe we will both/all see this through.

Thankyou again for your support.
Best
Tui

NWE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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