"I got interested in the geology of the area with info coming...

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22/02/22

13:20

Post #: 59732092
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Originally posted by RedRooster2: ↑

Yes the Perth Basin is becoming more impressive everyday with each new announcement from all the players.
I got interested in the geology of the area with info coming out of the ill fated Empire Oil operations. Just fantastic for NWE and that's us, proud NWE shareholders.
I might be simplifying it alexei ii,
But was it mainly just a matter of the depth of the drilling, in any case the PB is well and truly on the radar globally now, with possibly the best yet to come.
If NWE get the journey in to become a Production Company and i am seeing no evidence presently to say they wont, then the Company's transition will be huge, as will the share price. Unfortunately few get to make this step, if results come up or over expectations, then you would have to say NWE is well positioned, supported & prepared to make that giant stride.
Much activity & excitement to come.
ALL my opinion.
GLAH

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"I got interested in the geology of the area with info coming out of the ill fated Empire Oil operations"

Image you if NWE did a better deal.

"On 6th February, 2009, Empire Oil Company (WA) Limited reached
agreement with Westranch Holdings Pty Ltd, a wholly owned subsidiary of
Norwest Energy Limited, to exchange an 80% interest in the adjoining permit
EP-368 for a 20% interest in EP-426."

NWE Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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