NWE 0.00% 0.5¢ norwest energy nl

NWE- About to Rock and Roll

  1. 1,747 Posts.
    There was an excellent article in the Weekend Financial Review (P56) on this company. Can someone post it please.

    This little company is about to take off with Four firm wells to be drilled in the Perth Basin in the next quarter.
    This is followed by Four more contingent wells early next year.A further J-V with China petroleum Corp is to happen on the Puffin Field early next Year.

    The first well in the Perth basin, (Morangie) sees NWE free carried.The company estimates that success will add 50 cents to their share price.This commences in October.

    The next wells are on the Cliff Head structure and NWE at an entry price of about 10 cents give far better leverage to success than ARQ.Already the share of oil in the Cliff head structure is worth 16 cents per share to NWE on very conservative estimates.

    This is an excellent chance to multiply your investment by five over the drilling program with even one successful result.

    This is my opinion so do your own research.

    Regards M.
 
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