Nucular "assuming no changes to current production and stable AUD/Tapis. Hopefully by then the royalty will merely fund the Cobra discovery party."
I am glad someone is on to it, worst case scenaro, AED only maintain production, people tend to forget that oil is at and has been for a while over $90 US. So if only maitain, at these prices it all good.
Its amazing that NWE follows AED's ups and downs even though thay are technecially unrelated. It might cost another 50 million to get Puffin up to full production, it does not cost Northwest a cent. And the oil by all account is still there.
So a little bit more patience and we will be very WELL rewared.
NWE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held