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5.6¢ norwest energy nl

Ann: MIN: Off-Market Takeover Bid for Norwest Energy, page-190

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justinmetals

7,898 Posts.

1530

17/12/22

22:13

Post #: 65354631
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Originally posted by barneydigs ↑

In very simplistic terms, Flow testing suggest LD contains 30bcf / km2. 102km2 field gives around 3 TCF resource. Assume 75% recovery 2.25 TCF which is worth much more than $2B. The there are significantly derisked leads in the permits that could result in double that resource (or more or less). We have 3d underway and drilling staring in early 2023. I personally want to see NWE realise a large portion of its potential rather than be exposed to the downside risk that comes with MIN toppy share price.

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Spot on. We have to stop giving it away. We are heading into a ten-twenty year energy deprived period and it would be stupid to sell out like losers now. There are enough losers already

Last edited by justinmetals: 17/12/22

NWE Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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