NWE 0.00% 5.6¢ norwest energy nl

Ann: Lockyer Deep-1 Operational Update, page-50

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  1. 360 Posts.
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    Hi Rig9, I think from what Iain Smith from NWE says in the announcement does not allude to this mishap being the bad case scenario that you mention.

    Norwest Energy Managing Director, Iain Smith, commented: "While this operational event is a frustration we do not
    anticipate a material delay to the production testing program. As such we remain on track to test the exceptional
    quality Kingia reservoir during Q4 CY 2021, whereupon we expect to confirm that the Lockyer Deep-1 discovery is
    one of the highest deliverability onshore gas reservoirs in Australian history."

    It would appear from this statement that the problem is quite fixable and will not stop the production testing from even being delayed. That is very re-assuring.

    W

 
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