These wells have been designed as production wells ... that tells me that they are expecting them to be high yielding with exceptional flow rates ... we are already aware of the potential size of the reservoir and the indicative porosity of the sandstone .... but as tui always says the drill bit will do the talking. The big unknown is whether we get Oil with the gas ... the work done by Alexii .... indicates that Oil is a distinct possibility. We know that the permeability of the sandstone will be greater (Because of the flow nature of the formation of the sandstone and the direction of flow of the river/water during the laydown of the formations ... flow was from east to west .... so the coarser grains of sand will be to the east and finer grains to the west together with clay particles which inhibit flow) so I expect that if we hit an Oil zone that it will flow and be harvestable. The MIN CFO wasn't excited because they thought there was significant risk ... he was excited because he could smell profit ... big profit. These next two drills should have everyone on the edge of their seats in eager anticipation of a big positive outcome IMHO.
NWE Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
