Thank you for that.Good to clear up that our exploration program...

First 126 Last

Share
Profile

Follow
phx

551 Posts.

233

23/03/23

13:38

Post #: 66922325
Share

Thank you for that.
Good to clear up that our exploration program in actually an appraisal program.
Looking for better times for NWE

Originally posted by alexei ii: ↑

this is an appraisal programe - just picking up on your comment about"no gas". An appraisal programe is designed to test the actual size of the field. We are no longer in the mindset of "is the gas there or not". That was put to bed by Lockyer Deep -1 drilling, logging and flow testing results, and the various 2D seismic survey data. So yes, the gas is there, its now a matter of how much.

Your point about the gas and certainty and the MIN giveaway makes me point out some things we previously raised on here. Everyhere else in the world they call this an appraisal programe. The NWE board however, decided to call it exploration for whatever reason (people can make up their own minds on that). It is possible the board threw in the red herring about compartmentalisation to baffle everyone into thinking Lockyer is an exploration play and the gas may not be there so as to help them with their capitulation piece. Compartmentalisation means the reservoir may be present in "blocks" - so what? thats the case for most reservoirs. They are never a homogeneous, linear, tank like, features. These are rock layers. You also need to understand what it means to have an 800 m gas column in place. And what it takes to preserve an 800m gas column in the subsurface over geological time. You need to go back to the sections they showed us and see how obvious the gas filled Kingia reflector is showing around the NED-1 area.

MIN have seen all this and more, thats why they're saying theres a lot more gas there than we originally thought - remember they said this AFTER the Ringneck 2D results were out. And if you did your research you would see that the Ringneck 2D had coverage over North Eregulla, as well as LEAD E...So when he says he wants a 250TJ/day plant - with modular expansion capacity - from day 1...he knows theres >>2TCF there just on the current data alone.

The SP is a function of the market makers and their masters. And they are all about preserving value for the big guys (their clients and their clients mates) to come in and pick up bargains. This was never really valued at its true worth. And i would argue the board maybe even inadvertently, in the end, preserved the upside for the big guys.

Expand

NWE Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

Reply

Top Stories

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

VUL

Vulcan appoints investment bank and M&A veteran to board

There are more pages in this discussion • 20 more messages in this thread...

First 126 Last

Add NWE (ASX) to my watchlist

Thank you for that.Good to clear up that our exploration program...

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Featured News