Friends of mine think that the UK is floating on a sea of Oil. These discoveries are adding to that conclusion.
NWE permits are in the area of the Oil Kitchen which has produced the Wytch farm puddle of Oil. The size of it indicates that it is a prolific producer. This gives a stronger than normal chance that there will be something in our zone.
TBE,
When Peter Munachen took over as NWE Ceo, it was in dire straights. He has, through his skill as a negotiator and as a opportunistic manager done all that has now happened from nothing. He has rebuilt NWE and brought it to the edge of ultimate success. He is confident of achieving his aim.
Yes there are some significant challenges which you have outlined. An investor needs to do a risk analysis and profile, then decide if that investment is for you, no matter what the company is. If you are risk adverse to the issues that you find, then leave it alone and take your funds elsewhere. I have no objection to you raising/highlighting your concerns and bringing them to our attention, but continuous berating is more indicative of a personal issue than of any mismanagement.
Like Shrewd, Duckpond, Tui, Bindibu and others, I am backing PM to succeed.
NWE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
