NWE 0.00% 5.6¢ norwest energy nl

Ann: NWE Approves Lockyer Deep for Drilling H1 2020, page-148

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  1. 4,809 Posts.
    lightbulb Created with Sketch. 1439

    I wish your optimism was well place.

    The application for WE4, looks to have taken a bit under 2 months to assess.

    The application for WE5 went in 5 Feb. that places sign-off around the 5th April, which is when WGO have said in the document the WE5 will start.
    (see below pic)

    I would like a hole (pardon the pun) in schedule to open up, but I don't see any chance before early Q4 2021 if we are very lucky. Personally WE4 will probably overrun ( end mid June), like all the previous efforts, then WE5 (end 30th Oct) and then WE3 renter ( end around 14Dec). The earliest I guessimate is end of October for NWE well, which means delaying WE3 reenter only, which WGO shareholders wont like unless results of prior wells indicate a delay is useful, no money, or the rig has blown up smile.png .

    https://hotcopper.com.au/data/attachments/2910/2910399-ab4163b9f8ffea8b5646432c63009483.jpg



    Last edited by trousergecko: 16/02/21
 
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