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5.6¢ norwest energy nl

Ann: Change in substantial holding from MIN, page-98

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EyeoftheTiger

7,801 Posts.

163

10/02/23

14:01

Post #: 66181020
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Originally posted by OldGeo: ↑

Hi EyeoftheTiger,
The Lockyer Deep Project is in Phase 1 of the standard project development and execution process. By far the most important input to Phase 1, before making a decision to progress to Phase 2 or not, is the size of the gas resource and drilling appraisal holes (Lockyer Deep 2 and North Erregulla Deep 1) to narrow the resource uncertainty range. In my view, discussing development risk and cost in Phase 1, is premature and should be considered in Phase 2.

My learned colleague, I cannot understand why it would be irresponsible of you making your thinking visible by providing me with your thoughts on Lockyer Deep low-side subsurface inputs to the volumeter estimate since we are only in Phase 1 of the process.

Kind regards OldGeo

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By the way, we're talking about the valuation of NWE not whether or not the project should progress or not.

You're saying NWE valuation = 20% resource value, but then you say the project has a chance of not progressing into full pr9duction, how does your valuation account for these possibilities.

Maybe stick to licking rocks

NWE Price at posting: 6.8¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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