Ann: Significant Gas Discovery at Lockyer Deep-1, page-240

Not likely. To have the SP sink to 1c, 1.1c we would have to have some BAD news come through.

And with the wire logging results to come shortly within the next few days, this new will only further increase the value of NWE and strengthen their position for a takeover by MIN.

Remember a "discovery" on the ASX doesn't behave the way you think it will.
Current prices created by profit takers are an opportunity to get in cheap, before this sp pushes closer to 3c.