i think the oil is better than a lot of people here realise. the A-2 update stated that oil was already flowing at 20 barrels per day and i believe the multiple from vertical wells to horizontal is roughly x15, so thats 300BOD
which would give NWE a revenue share of around $2.5 million p.a. from each well.
and they hit the oil by mistake, so when they identify the source and drill again, the flow rates will be much better if they decide to take that route.
My guess for flow rate announcement is Wednesday next week. Should be at 80% clean up today or tomorrow, so giving them a week to stabilise and write up the report.
NWE Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held