Didnt like the late information about the required DMP aprovals either, but can imagine were the share price would have went if this was released when it should have been. Quote; the well needed to be temporarily shut-in whilst suitable surface containment equipment and the necessary DMP approvals were arranged to manage the handling of oil to surface. Liked the rest of the report, alot of old info some new. Liked the next sentence, has been stated by HC posters before, but dont think I read it from any NWE statements. Norwest has the option to eventually convert this well to a producing well, once evaluation of all intervals is complete. Also read up on some shale well testing, and to do it properly it takes time, 2 – 3 months per section, and some of the comercial finds didnt flow as good as ours in the begining, so looks like were on to a good thing here.
Also found an article under the heading below, they dont want anyone to copy it, so just google it . Could be similar oil to what we have found, time will tell. Shell targets North American ‘tight oil’ Suspect some good buying oportunities comming up while we wait.
NWE Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
