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.
NWE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held