I have emailed PM with the following questions that I would like to hear answered.
Do you still expect flow rates to increase once pressure build up is completed, you make no comment on this in your latest announcement?
Do you still consider Arrowsmith2 as a vertical well has the potential to be commercial or is this no longer a consideration and potential commercialisation would only occur as a Horizontal well?
Your timeframe in each announcement continually states a 3 month period for completion as we are now over 1 month into the start of this completion is this a further 3 months extension to that for completion? ( I think this one plays heavily on the market as it appears to always being a target that is out of reach)
What happened to the planned seismic that was indicated in previous announcements or are you waiting on the full data analysis before making this decision in conjunction with JV partners?
Will you do a further resource upgrade with DM after completion based on these four zones?
There has been very little mention on activity with UK assets, is Norwest considering as part of its strategy in looking for farm out partners as with TP15 here in Australia to expedite exploration and reduce cash outflows?
"I am sure there are many other pertinent questions you guys would like to ask so I suggest you do as I have done and form your own questions as to what is important to you as a shareholder and simply ask Peter if he can cover off these in the quarterly report. If he does then we have no reason to complain.
The following is PM's response that I received today.
The September ASX quarterly will be released on 31 October and will include up to date flow rates and commentary, about Arrowsmith-2 and other activities which will address the questions you have raise.
"Lets see if he can answer these questions in the quarterly with clarity to all shareholders".
NWE Price at posting:
1.7¢ Sentiment: None Disclosure: Held
