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NWE, NORWEST ENERGY NL
bam_bamm
post Posted: Apr 30 2014, 08:08 PM
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In Reply To: anroo's post @ Apr 30 2014, 06:34 PM

nothing to report from puffin unfortunately. No production at all.



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anroo
post Posted: Apr 30 2014, 06:34 PM
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In Reply To: bam_bamm's post @ Apr 30 2014, 04:57 PM

Hi bam bam
Where is the puffin field at?
Where did AEDs 40% end up.
Sorry to be lazy but I know your all over this stock.
Thanks in advance

 
bam_bamm
post Posted: Apr 30 2014, 04:57 PM
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In Reply To: bam_bamm's post @ Apr 30 2014, 01:58 PM

Cash held @ 31 March 2014 was $3.3m
Estimated outflows for this quarter is $1.15m.
We should be left with approx $2.1m by the end of the current quarter.

TP15 - "A detailed farm-in package has now been presented to a number of interested parties...", "...and Norwest is confident a deal will be made in the near future for this block due to its conventional oil play potential."

I guess we can only hope that we can attract a large farminee to come on board for TP15, so that real progress can start to be made, on favourable terms for Norwest. It's pleasing to read that NWE are also in talks with other companies in the area on co-sharing costs for 2D surveys.

The oil in the Kockatea has gone all quiet. "...highlighting that this interval still warrants further investigation to better understand the oil potential, however the current focus of the EP413 JV is the gas production of the IRCM and Carynginia." Seems it will be shelved for some time.

All in all, you cant really expect much more from NWE at this time. If we can avoid a CR for the next 6 months, we'll be doing ok.



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bam_bamm
post Posted: Apr 30 2014, 01:58 PM
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Quarterly due today. I wonder if we'll get any reported flow rates from A2. It's been monitored for a few weeks now...



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diana
post Posted: Apr 11 2014, 12:28 PM
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I think the following sentence may have a bearing on Mr Markets sullen mood today ...




"Stock markets fell heavily across the board overnight with the DOW falling 266 points and a 2 percent decline in the S&P500."




R/Di






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"Adversity does not build character; adversity reveals character."
Sandy Dahl
 
bam_bamm
post Posted: Apr 11 2014, 11:29 AM
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In Reply To: alonso's post @ Apr 11 2014, 11:21 AM

that it has, but volume is low and a 15% gain from these levels is bugger all when taking into account the destruction of the shareprice over a number of years.
Exciting story, but it's just taking so long to play out.



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alonso
post Posted: Apr 11 2014, 11:21 AM
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In Reply To: bam_bamm's post @ Apr 11 2014, 11:15 AM

The sp has had a nudge, up 15% atm.



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
bam_bamm
post Posted: Apr 11 2014, 11:15 AM
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In Reply To: daggie's post @ Apr 11 2014, 11:08 AM

Details of juicy flow rates may have excited the market, but for now it is just more of the same. yawn.
Any good news will be heavily sold into, and I may join that little party if i can recover all my capital, to sink back into nwe later in the year.

Still no further info on the Oil discovery in the Kockatea either.



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daggie
post Posted: Apr 11 2014, 11:08 AM
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In Reply To: bam_bamm's post @ Apr 11 2014, 10:22 AM

It seems to me that Mr. Market is not impressed. No flows mentioned ... why?

 
bam_bamm
post Posted: Apr 11 2014, 10:22 AM
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Announcement out this morning.

Carynginia and Irwin River Coal Measures identified as dominant zones for gas production.

45% gas contribution from the Carynginia
44% from the IRCM
What was surprising was the High Cliff Sandstone only returned a 1% contribution.

Still no idea about co-mingled flow rates.

I must say though, this announcement reads and looks a heck of a lot better than previous announcements from Norwest. The consultant has done well.


"At present A2 is being monitored for fluid levels and pressure build up in the well."



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