aussie oil services, page-6

  1. tui
    6,159 Posts.
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    persistent one,
    The results from drilling and taking cores from Arrowsmith 2 have excited both NWE and more recently the engineers at Halliburton. They are really looking forward to this frac.

    Halliburton, as you know, are not amateurs. They know what to do. Let the results speak for themselves. Whilst I am confident that most of the frac zones will be commercial it is the High Cliff Sandstones that excite me the most.

    This Basin has been identified by world experts as being one of the best. They also identified the Canning Basin ( to the far noth ) which is certainly starting to fire if you look at the recent activity at NSE and BRU.

    NWE have a clear headed team about to exploit a world class resource that could be worth multiples of its current shareprice. It is also worth remembering that Bharat chose to come to Perth after their competitor, Reliance, also a Fortune 500 company, went to the USA.

    Nothing is easy in this game but you can bet that NWE, Bharat, AWE and the Halliburton team will be doing their level best to exploit this Arrowsmith 2 frac to their maximum advantage within the environmental procedures laid down.

    As to funding they might have a bit of luck with the timing. e.g Option conversion. If not they will raise some more. As long as the resource gets proven who cares?

    NWE is a small minnow that could undergo a massive change. Nothing is easy. Just do the best you can.
 
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