NWE 0.00% 5.6¢ norwest energy nl

(ASX:NWE) Among WA Billionaires at foot of world-class gas play, page-82

  1. 1,399 Posts.
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    I just did a quick price comparison

    1mil NWE @ 0.057 = $57,000 in value
    1mil/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 spudded
    Feb/Mar - Pilbara Clean Fuels update
    Mar/Apr - Lockyer 2 flow test, NED 1 spudded
    Mar/Apr - 3D seismic completed
    Apr/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 opinion
    GLTA
    Mike
 
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