NWE 0.00% 5.6¢ norwest energy nl

Ann: Significant new oil prospect in EP368, page-14

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  1. 3,085 Posts.
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    You've got to pay your way, otherwise you get run over.
    mr Kennedy has spotted the co his own cash to get us across the line with xanadu. I'd say they'd have to be looking to si or sh to stump up some cash to test this prospect without giving it away too cheaply.
    1.2 M at an ev of 7 M is about 15%. They may wait for sp to appreciate before hitting us up for more...to minimised dilutionary effect.
 
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