NWE, NORWEST ENERGY NL

[bam_bamm]

500,000 bought at the death.
Let the conspiracies begin

'good weekend all

[regn]

Disappointing to see the current weakness in share price. The prolonged evaluation of Arrowsmith is no doubt disturbing some holders but I cannot help but feel current sellers are overly pessimistic. The company announcements of testing to date seem pretty encouraging to me. The relatively small turnover supports my view that the risk-return profile would suggest the stock is worth more than current levels. Let's hope the external evaluation will soon be released and the commercial prospects are as good as we all hope. Also feel their JV partners and others must be keeping a close watch at these levels.

[bam_bamm]

Quarterly has been released, and I'm trying to hide my dissapointment.

$3.7million in the bank.

Successful flowback and extended testing of the Carynginia formation continues with improved results and production of condensate (did we know about the condensate?)
DeMac are still progressing with their review of the A2 field dataset. (another missed deadline. was initially meant to be end of march, then pushed back to end of april, and now...?)
Waiting on relevant tubing and associated equipment to be procured for testing on lower zones.
Jingemia oil field has been shut in by Origin and not producing (no revenue of approx $65k a quarter)

Communication from NWE last year was imo horrible. The first couple of announcements this year were great, looked fresh and full of confidence. It seems that NWE are heading back to their wicked old ways, and reporting only when they need to.

seems like production from A2 in Q3 2014 is not going to happen.
At this moment, I would vote in favour of a t/o for a reasonable sum. ie 10c. (and that is being ambitious)

[0007]

In Reply To: bam_bamm's post @ Apr 24 2013, 02:21 PM

BB, I think it is about time for NWE's management to inform the shareholders of its findings. Surely they would have a work in process report.
Having said the above I do hope the results are really exciting.
Good luck all
0007

[bam_bamm]

In Reply To: bam_bamm's post @ Apr 5 2013, 12:46 PM

The DeGolyer and MacNaughton resource evaluation report must be close to being received. Possibly only days away now.
No news from Peter for over 4 weeks.
I guess the Carynginia has been building pressure for the past few weeks, and possibly only had a short time for flowback? Or will the pressure test extend the duration of the overall program>

With no confirmation, its all just guess work.
I'm not sure what to expect from DeMac's report, but can't wait to see it!

[bam_bamm]

In Reply To: honeyeater's post @ Apr 5 2013, 12:24 PM

you're not the only one honeyeater. I too am feeling a little uneasy.

The resource is still in the ground, nothing has changed except it is taking a lot longer than most people were hoping.
I have no idea who the sellers are, and with a lack of substantial holder notices coming through, i'm inclined to think that its just retailers who are getting nervous.

The Norwesterly 5 told us that the independant resource evaluation would be received towards the end of April (this was after the 4th edition told us the end of March). Further delays..

Provided the evaluation is promising, i think we'll see a small bounce from here. We've got to remember that the resource evaluation will contain data with the Carynginia still with plenty of flowback required, and same with the HCSS and IRCM.

I hope the market isnt expecting a lot from this evaluation, because sadly I think they'll be dissapointed.

With cash on hand dwindling, a record low share price, a 3D seismic survey scheduled for later in the year, I think the market wants to know how A2 is going to be brought to production without heavy dilution.

[honeyeater]

im starting to feel a little unerved by todays share price. nwe is now at about half the price that I bought in at. The overall story still seems ok to me. so what gives? ideas anyone? bermuda?

[bam_bamm]

Me again.

Just came across the Appea conference run from 26 - 29 May 2013 in Brisbane - http://www.appeaconference.com.au/images/D...ster_020413.pdf

and came across the following that will be presented...

"Lithofacies and sequence stratigraphic framework of Kockatea Shale, Dandaragan Trough,Perth Basin

H Jafary Dargahi & R Rezaee (Department of Petroleum Engineering, Curtin University) "

"Permeability prediction from mercury injection capillary pressure: an example from the Perth Basin, Western Australia

A Al Hinai, R Rezaee, A Saeedi (Curtin University) & R Lenormand (Cydarex)"

The Shale Gas Revolution

Mr David S. Neslin, Attorney at Law, Davis Graham & Stubbs LLP"

"Producibility and commerciality of shale resource systems: contrasting geochemical attributes of shale gas and shale oil systems

B Faraj (Tamboran Resources) & D Jarvie (Worldwide Geochemistry LLC)"

Emerging unconventional shale plays in Western Australia

KAR Ghori (Geological Survey of Western Australia, WA Department of Mines and Petroleum)

"A glass-half-full analysis: lessons learnt from land access experiences with CSG and onshore shale development projects for the emerging shale gas industry in WA

K Matthews & P Forge (Parsons Brinckerhoff)



(Sorry about the formatting)

[bam_bamm]

In Reply To: TradeMad's post @ Apr 2 2013, 12:48 PM

Hi TradeMad

I'm unsure from the wording in the Norwesterly 5 newsletter, but to me it reads that the current Carynginia pressure test will extend the duration of the overall program on the well. Meaning that no further data will be received to be included in DeGolyer and MacNaughton's resource evaluation report towards the end of April. Only data that was known when 355,000 scf/d was recorded. I'm happy to be proved wrong though.

Unfortunately I dont think the results will be enough to put a rocket under the shareprice, but it will be interesting to read about the planning of the development program.

The resource is being appraised slowly but surely. Not quick enough for most people, with day traders having moved on. Perhaps they'll come back in a few weeks in anticipation of the evaluation.

[TradeMad]

hi...good to see something dont change
Just over from that other site that has changed too much

I hope once resource estimates are documented, maybe the sp will get a rocket under it