NWE 0.00% 5.6¢ norwest energy nl

cashed out, page-39

  1. 11,024 Posts.
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    It is hard to watch your investment go south,it is in times like these you must reaffirm yourself why you invested in nwe in the first place. If you can't it is best to sell out and buy in again later.

    Management are an easy target when things go wrong or when things don't to plan.

    We all know they have a team of experienced people they are relying on, core sample information,best plan of action(how to frac and what layers),How to clean up the well.

    These are all things you plan in advance on best advise,Many times these plan's have to change due to new information gained on site once things are in process.

    One thing that could be a little clearer is just exactly what they are doing,To just say the C is shut in for pressure testing,that it is slow to clean up on it's own.
    IMO it would have been better to tell what the forward plans for this zone are(as they must have this info)

    IE shut it in for 3 weeks open to get flow rates,run coiled tubing (smaller diameter)to assist clean up.
    open up IRCM and comingle flow.(google comingled wells)
    They can have 2 or 3 separate tubes and flow both together but separated.

    Just my two bobs worth. come on end of April.

    dollarfiddy.

 
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