the TO continues as MIN is to far in to stop now. Why have 78% of NWE? May as well get the 100% if what is left. Especially with a resource that is a fraction of what they thought and may not even be enough to service their own internal requirements. Dreams of export are gone.
As for stage managing the results? yeah nah. You can't fake fully water saturated with no or limited gas shows. Everything gets provided to the regulator and lose lips talk so no way they are stage managing such bad results. Would CE do it if he could? probably. But no way he is that stupid to try it on these results. Would never work.
As for drilling in wrong spot on purpose? The premise of our massive resource was based on the big gas column. Even if LD2 is in wrong spot, it proves the FWL and that the gas column is a fraction of what we hoped or were told.
TBH I think (in hindsight) the biggest mistake MIN has made was taking over NWE pre LD2. And that has saved many of us a lot of money.
NWE Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
