NWE 0.00% 5.6¢ norwest energy nl

Ann: Trading Halt, page-110

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,979 Posts.
    lightbulb Created with Sketch. 925
    I don't know a lot about drilling but my take on this scenario is that they are coring the well because they have struck something of sufficient worth to undertake the coring process.
    If they hadn't found something then they would have waited till they did to do the core sampling.
    As I understand things the coring is essential to be able to get a handle on the grain size of the sandstone and therefore get an accurate assessment of the commerciality of the find through the calculation of permiability.
    Maybe OldGeo, Alexii or trout maybe able to shed more light on the subject.
 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.