Barney, given what we know of the forward works programme, it is unlikely we will see much in the way of price catalysts until late q3 at the earliest, but probably q4.
The exception to this would be if they instruct an independent certifier to quantify the resource. At this stage with only one well, the estimate will be mostly consisting of contingent resource with a little proven resource within the well area.
In my experience resource estimates are significant drivers of value and are very important for Norwest as this becomes bankable value should a t/o emerge.
NWE Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
