Alot of people are talking about horizontal wells in 2 years etc etc and how the SP does not matter in 3-4 months.
I have to disagree, the next 3-4 months is the stepping stone and HUGE for our company and these flow rate results and TCF estimates have to be recognised by the market.
To proceed further we need around 50 million dollars, do people expect that money to be raised at 8c and dillute the hell out of our shares.
Let's get real here people, we need the market to re-rate this company and our SP to be at around 20c to rasie some serious cash to proceed. I definatley do not want to see our SP at 10c, that is approx 100 million dollars and lunch money for a major to buy us out.
2 years and horizontal drilling is a long long way, Let's raise the money first and then talk about horizontal drilling which costs a fortune to do.
NWE Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
