Glad to hear that your golf is competitive ...... lol
Read the AWE report and yes I agree that it is exciting. I note that they have drawn the structure so that it just misses our EP368. Flow rates are great. The interesting point from NWE/EGO? position is that the structure is getting thicker as they drilled east ... so I am hopeful that it doesnot finish as they have drawn and transgresses into our EP. If it does then it will be a ginormous reservoir that will far exceed their yield figures and be very commercial.
I am hoping to get a look at the structure at the AGM that they have identified in the Arrowsmith area as an alternative traditional reservoir from the 3D seismic. I think that this will be one of the wells that Shelly has earmarked for the drill bit in 2018 .... although with the work required for the Xanadu discovery will be putting a hell of a lot on her shoulders atm and the well may get delayed.
Volume of sellers is decreasing too .... a good sign.
Regards
Potter
NWE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
