NWE 0.00% 5.6¢ norwest energy nl

quarterly is out!!, page-29

  1. 4,289 Posts.
    lightbulb Created with Sketch. 432
    from the announcement dated 6th sept 2012

    Flowback and cleanup of Stage 5 – Kockatea Shale interval has now resumed.

    The Arrowsmith-2 well was temporarily shut-in when it was discovered that oil was being produced
    to surface in the early stages of flow back and testing of the Kockatea Shale interval. The well
    remained shut-in whilst the necessary equipment was sourced and assembled on site to manage the
    production of oil to surface. Operations have been resumed and the well is flowing back oil, gas and
    injected water to surface.
    The objective is to clean up the well to enable the Kockatea gas and oil flow rates to be established
    and will be followed by an extended production testing phase. Norwest will then make a contingent
    resource estimate. This zone is already a highly prospective shale gas target, and now a potential oil
    discovery.

    from the last anna

    Norwest has now commenced planning and preparation to re-enter the well and intends recommencing flow back of the Kockatea Shale interval later this month. This zone will then be flowed back until the majority of the remaining injected water is produced back to surface. This is expected to take several weeks, and should allow indicative rates of gas and oil to be measured and subsequently reported. This is already a highly prospective shale gas target, as well as a potential oil discovery from the Kockatea Shale.

    So ...which is it????...management need to sort this crappy reporting
 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.