NWE 0.00% 5.6¢ norwest energy nl

ascending triangle breakout pattern, page-15

  1. 1,747 Posts.
    re: acturtle/ascending triangle breakout pattern Hi pillman,

    Gas flow calculations value each successful well in the Appalachians at .5 cents per share. I would also respectly submit that confidence in the drilling program and a future drilling program may make each successful well worth 1 cent per share.

    On the basis that 100 wells are drilled successfully in the next year or so, your estimate of a share price on this alone would be reasonable.

    NWE looks better and better.

 
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