NWE 0.00% 0.6¢ norwest energy nl

good news this week

  1. 11 Posts.
    Some info from Junior Oilers with regard to NWE who advise that fraccing crews will be fraccing three Tenessee wells towards the end of this week, gas production lines have been put in place. With the current price of gas approaching $10.00 it has to be a real boost for NWE.
    Drilling of the Kentucky and West Virginia Shale plays is planned for Sept.
    Nwe also has a potential company maker in Magnolia coming up scheduled for October. Italian Energy Co ENI has apparently had a significant oil discovery on Vesta #1 on AC/P21 which is adjacent to and just north of NWs AC/P32. This means NWs prospects are virtually surrounded by oil discoveries including Skua and Challis. NWE bought in to this lease earlier this year and are very positive about the prospects.
    I Don't think we will see NWE at this price after tomorrow.
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