Looking to the Future, page-5

First 5 Last

Share
Profile

Follow
alexei ii

3,293 Posts.

6371

27/02/19

22:43

Post #: 37594565
Share

Originally posted by reserve: ↑

Ok,
Really happy we got the approval to do the 3d in May/June at Xanadu.This and the other actions due to happen later this year will change the market perception of NWE as others have alluded to, but it will take time for the market to pick up on these events as they happen,

We have TP15 Xanadu 3D due May June with results after data has been anaylysed, then expect it to be drilled late this year.

We have EP368 Lockyer deep due in the second half of the year,
(Could be huge as next to WAITSIA)

My calculations are NWE are currently receiving approx A$57K per month revenue from L14 Jingemiya, oil production with 4 new target prospects in the pipeline.

We have had a positive ruling on fracking for EP413 Arrowsmith, waiting further advice from the DMIRS as to new requirements to progress further with this.(we did get some oil and gas to the surface).

Whether there is a Raise, recon or a sell down in some permits I think we can all see the light at the end of what has been a very long time and whether the market sees it this year or next NWE will have another day in the sunshine. As Tui and Potts have always said Shelly is on our side and has shown that she gets things done no matter how many obstacles there are.

So hang in there if you can.
Cheers, Reserve
DYOR

Expand

My guess is 3IC will be calling the shots. Management will simply pull the levers. I agree with you tho, it is interesting time, at last. Interesting to see what the management consultants said and the boards response to their review.

NWE Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

SFM

Why is Santa Fe Minerals up 370% on Thursday?

ASX Market Close: Local bourse dips red as CBA profit takers swoop

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

GLF

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Looking to the Future, page-5

Top Stories

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Resolution looks to 'strong historical data' as Horse Heaven search begins

Why is Santa Fe Minerals up 370% on Thursday?

ASX Market Close: Local bourse dips red as CBA profit takers swoop

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Featured News