Ann: UK Licence Status Update , page-14

Ref NWE ASX Announcement 10th September2013

Operations proceeded to plan and by 6th September 2013 installation of the completion packer had commenced, however during operations it became apparent that the packer could not pass the depth of 2646m.

Ref NWE ASX Announcement 09 January 2014

Preparations are currently on track for commencing the necessary workover at Arrowsmith-2 later this month, as soon as all necessary equipment arrives on location.

Under the forward plan for Arrowsmith-2, Norwest will firstly conduct a work-over program to remove the faulty gas lift mandrel, which created an obstruction in the wellbore. Upon completion, Norwest intends to conduct a 14-day well test, during which time multiple runs with a Production Logging Tool (PLT) will be made to evaluate the contribution of gas and fluid from each of the perforated intervals. This process will assist in establishing contributions from each zone towards the total commingled flow rate readings.

Does NWE actually have a plan? (Fail to plan plan to fail)
Can they share the plan? A real plan plan has drop dead dates.
Puss poor planning equals Puss poor performance!!!

What does later this month mean Does this mean end of March?

Is another mandrel to be set at 4000ft? Its will be only four months since the September debacle/mishap.
Is the proposed testing a rerun of September's testing? What Value adding operations have been performed at EP413 Since September? The share price might suggest nothing of any note.
If no value adding operations occurred at EP413 how many of the operations unit have been stood down?

Are there sufficient funds for the horizontal bore?
If there are inefficient funds and a cash raising has to occur what is the proposed reduction in the Directors and CEO salariums?