1. Most Discussed
  2. Gainers & Losers
NWE 0.3¢

nwe & j/v's in financial review

  1. Iwatchall

    650 Posts.

    NWE & J/V's.in the Financial Review.

    This is WHY the rise @ market close!!!!
    Today is going to be a doubble wammy the wammy being the report i hope.
    Iwish i had a scanner,LOL!!!

    by Bruce Hextall

    Oil groups gain from Perth Basin success.
    The Perth Basin's emergence as an oil province is timely, with exploration success combining with strong prices to keep market attention focused on the basin.
    Origin Energy is one of the big winners from it's exposure to the Perth Basin with the potential for a $70 million pre-tax bottom-line boost to it's earnings following it's onshore success with hovea and Jingemia discoveries.
    Meanwhile,a swag of mid-size to junior companies,including AWE, ROC, ARQ, NWE, HDR and VOY stand to gain from further success offshore.
    The consortium announced yesterday the CH 3 appraisal well had stuck a 45 meter oil colum.
    ROC,the operator said resrvior quality and extent would not be known until wireline logging was completed

    Then it goes on with what we already know.

    Shaw Stockbroking analyst John Colnan said the latest success gave the market added confidence that Cliff Head would prove commercial even though reserve estimates were still to be made.
    That confidence was reflected in the share price of all the players.

    Go BUY the mag for the full story and enjoy the good news.

    Iwish & Iwatch

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.