At this rate, they should hit the first target at 2700m, to report to us by next Tuesday latest, all going well.
For a company that has 20% of a potential 60-100 million barrels, 16 cents seems an awfully cheap bet on the upside from here. You will see the usual run up to the announcement, hoping that we see 20-25 cents before the target announcement. Does anyone know if the first target is the bigger of the two?
Have heard that potential here is a $1 share price if they hit 80m barrels. Anyone else done the research, most research I've read suggests that this well is a decent chance at achieving a decent hit.
NWE Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
