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5.6¢ norwest energy nl

With the finalizition of the WE5 (West Erregulla-5) well the...

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gimo211

1,825 Posts.

2776

21/06/21

13:57

Post #: 53966927
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Originally posted by raimop: ↑

IMHO when O & G explorers finish drilling a well they use the terminology 'release the rig' to mean drilling is over the rig will no longer be needed at this permit / site
That is it is ready to go and be used elsewhere - not that they no longer need it and someone else can have it
Hopefully I am 100% wrong

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With the finalizition of the WE5 (West Erregulla-5) well the West Erregulla appraisal campaign will be completed and the Strike/Warrego-JV will release the rig. Actually, you are 100% wrong...

Last edited by gimo211: 21/06/21

NWE Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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