I find it amazing that NWE finally move forward with producing some oil that may generate, for them, between $1m and $2m p.a. with no move in the SP. If this revenue was announced as a new discovery for any other O&G junior except NWE, their SP would at least have to move 5 to 10%, conservatively. Why isn't the oil production being being recognised in the market with resultant spike in the SP? This news has bee so that low key that NWE did not bother to ann it via the ASX. Has Elvis left the building and everyone gone home?
NWE Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held