NWE
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0.00% 5.6¢ norwest energy nl

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  1. bucknor
    145 Posts.
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    19/10/02
    15:47
    Post #: 72474
    Could be under subscribed and more time needed to complete?

    Certainly if M-1 hits they won't have a problem although whilst M-1 is not quite a wildcat the odds at best would be somewhere between 5 and 10 to 1.

    M-1 could contain up to 250mmbbls which at NWE's 7.5% would be a sh*tload of oil and a value of many times their current market cap. Depends also of course how much is recoverable. Fingers crossed!
    NWE Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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