speaking to Iain at the AGM, he was honing in on a maiden resource estimate after both wells were flow tested. I'll assume that RISC will come in and do 2P at the end of the year with another well in the ground, hopefully LD4 down pip from NED1, with the first round of 3D included. Given the other leads surrounding Lockyer complex, I'd say we might get an evaluation on 3TCF for both permits. GIP on takeover evaluation might be 8-9c without a GSA in place, but things can change rapidly from here. My main concern is getting the GSA and moving to production as fast as possible, even with a smaller 100Tj day plant initially.
NWE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
