The take over is obviously in the winds, analysts engaged to find a price range for present assets very detailed model used. We have approx 24 months cash to fund exploration well and seismic plans. Phase 1 well development late 2025 - 36 months out. Critical 24 months coming up with results from drill and seismic. Takeover is possibly 2 years out when we are out $ as well.
The size of this field seems to blow Iain's mind when trying to analyse the numbers. Capex for production development - depending on the size of the field - small talk about initial talks with Financiers - not really on the table - believe we will be "gonsky" at this stage.
Just an observation - The ‘hands clasped in front’ body language gesture - When a person does this gesture, they are exercising some sort of ‘self-restraint’. I believe that Iain was surely showing self restraint! We tried - Lilo and al!
NWE Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
