NWE 0.00% 5.6¢ norwest energy nl

Ann: Shareholder Update June/July 2018, page-155

  1. 2,897 Posts.
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    The future for NWE depends on the results of Xanadu seismic and what that reveils and the progress that can be achieved with Jingamia.
    If the 3D seismic shows that the existing well can be deviated to hit the sweet spot then, as per announcements from the joint venture, it can become a production well.
    That will alleviate the cashflow situation on its own, but if we can add together a significant contribution from inprovments in Jingamia, then the situation is not as dire as you 4 + stubbies may be argueing .... lol.
    There is no doubt that management need to make the next months winners and it would help a lot if the dept would grant the permit for the seismic.
 
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