NWE 0.00% 5.6¢ norwest energy nl

major technical allert, page-21

  1. 8,720 Posts.
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    Kiwi, its always worth re-reading old announcements imo. Helps to put new data in perspective. If you go back further of course the data for Arrowsmith-2 should be read in conjunction with the historical information from Arrowsmith-1, and if you do that, you get a good perspective I think of the probability of success when A-2 is fracced in May.

    This week has been an exciting week for NWE, beginning with the jump on Monday after the Minister's announcement, and a great opportunity to top up on Tuesday thanks to nerves about our greek friends, which at the end of the week looks very much like a successful low volume test of supply. Wessex seismic results next week maybe?

    There may be a quiet period prior to A-2 frac start in May, prior to which the SP will consolidate, but we may not have seen the end of this run just yet.

    Cheers, Sharks.
 
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