I just did a quick price comparison
1mil NWE @ 0.057 = $57,000 in value1mil/1367 @78.27 = $57,276 in value
So looks like it's pegged against MIN SP atm, but I'm confident that when the rig is announced and confirmed then we'll break free of this holding pattern.
Jan - Confirmation of drill rig (hopefully)
Jan/Feb - Drill rig spuddedFeb/Mar - Pilbara Clean Fuels update
Mar/Apr - Lockyer 2 flow test, NED 1 spudded
Mar/Apr - 3D seismic completedApr/May - NED 1 complete and flow tested
The next 2 to 5 months looks really good, the SH group just have to be determined to not let this one slip away. Stay strong SH's.
The oil has almost become secondary in discussion, but with POO still sitting about $80 US a barrel, a sweet little side hustle and revenue stream would not got astray.
All to look forward to, NWE are cashed up, we haven't gone thru the trials of the cash raises to give it away in the year where NWE becomes a household name
All in my opinionGLTA
Mike
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