acp 22 the area (the puffin prospect is contained within) has other leads. AED was running a programme about 12 months ago to explore these further.
As poo goes up , and AED has had some setbacks (one duster I know of) I feel they may start to reasses their existing puffin play.
If they kick it off again it would be good news for Norwest.
AEDs sp has taken a hammering and sooner or later they are going to have to look at their existing puffin asset and make a call.
sale or recommence production (possibly more drilling). I think they need to do something with it in the next 12 months.
From memory it was flowing at about a third of what they originally estimated and they claimed dispute with the fpso operator as their reason of plugging/suspending it.
DYOR
NWE Price at posting:
4.3¢ Sentiment: None Disclosure: Held