NWE - Norwest Energy

[swm79]

no talk on here about this one.

surprising.

doing a bit of research on them and found that they have a HUGE amount of fingers in a HUGE amount of pies

from their site they have

OZ:

AC/P22 a 1.25% gross overriding royalty interest which applies to all production from the entire permit

TP15 - 100% the very large Xanadu Prospect which is located entirely within Norwest’s TP/15 acreage. interest Xanadu is a large culmination on the Beagle Ridge and is a geologic look-alike to the producing 60 million barrel Cliff Head oil field

L14/EP413 - 1.278% Working Interest Origin Energy operates the permits. Since production commenced, the Jingemia Oilfield has produced 3,985,600 barrels, with 50,940 barrels net to Norwest.

EP368/EP42 - Equity Swap to result in Norwest holding 20% in each license - Norwest previously held a 10% interest in EP368 with the remainder held by Australian Worldwide Exploration and Origin. Both companies have announced their intention to withdraw from the permit and agreed, subject to the consent of the Western Australian Department of Mines and Petroleum, to assign their respective interests in the license to Norwest’s wholly owned subsidiary Westranch, thereby increasing Norwest’s interest to 100%. This paved the way for Norwest to enter into an Agreement with Empire that, subject to approvals, Westranch and Empire will swap equities in EP368 and EP426 resulting in Westranch holding a 20% interest in each permit.

UK:

PEDL 238 - Norwest 50% & Operator - is located just to the north of BP’s giant Wytch Farm oil field which has produced over 400 million barrels of oil and has estimated total reserves of 500 million barrels

PEDL 239 - Norwest 75% & Operator - Norwest has purchased a substantial amount of additional seismic data over the license and has completed preliminary seismic interpretations. Preliminary investigations indicate that deep basement involved geologic structuring is highly prospective beneath the Isle of Wight.

interesting play with, it seems like lots of potential

i'm in.

 

[swm79]

still researching...

this on NO announcement, except the full stat financials

seems something is going on

 

[swm79]

if you look at the 6 month chart... bit of a cup and handle formation

positive announcement from any one of the number of projects currently in the works should see this one take off

TP15 "possible 90 million barrels of oil"!!!... which is a geologic look-a-like to the Cliff Head field (operated by ROC Oil)....only HALF AS BIG AGAIN... FTG survey has been conducted with results pending... the announcement on 7 sept said 30 days... but nothing yet.... unless i'm blind!

this smells like another PEP11... but with 100% interest there HAS to be a farm-in

that is ONE target

the UK permits are a WHOLE other monster:

50-70% in thre areas... right nextdoor to BP's 500MB Wytch Oil Field

any annocement re: results there will get the "herd" wetter than an otters pocket

Bring the rain!

but of course DYOR...

 

[YOUNG_TRADER]

NWE reminds me of BUY around the 3c level before it got re-rated

even the way the stock price is behaving is reminiscent of BUY's trading pattern

NWE's TP/15 is like BUY's PEP 11 huge targets with mind boggling value of potential Resources (key word potential but TP/15 looks very similar to the adjacent Cliff Head Oil Field) will need a farm out and retain a free carry interest like BUY did


NWE's North Erregula EP368/EP42 is like BUY's participation in PEL 218

and NWE's royalties from Jingemia and the Puffin Field is like BUY's cash flows from its Qld oil and gas projects


Interesting comparison dont you think?

DYOR

 

[swm79]

NWE reminds me of BUY around the 3c level before it got re-rated

even the way the stock price is behaving is reminiscent of BUY's trading pattern

NWE's TP/15 is like BUY's PEP 11 huge targets with mind boggling value of potential Resources (key word potential but TP/15 looks very similar to the adjacent Cliff Head Oil Field) will need a farm out and retain a free carry interest like BUY did


NWE's North Erregula EP368/EP42 is like BUY's participation in PEL 218

and NWE's royalties from Jingemia and the Puffin Field is like BUY's cash flows from its Qld oil and gas projects


Interesting comparison dont you think?

DYOR

very very interesting YT

imo NWE has even more potential though... especially the UK projects... they may stumble upon an elephant in that part of the wilderness!

its almost a mirror image of PEP 11... even in location

PEP11 offshore sydney - TP/15 offshore Perth

its almost like a Rorschach ink blot painting... maybe i'm going insane???

insane enough to buy today at 3.7c

 

[swm79]

YT, with all these similarities to BUY it will be interesting to see what happens if TP15 is farmed out

i'm hoping they retain a larger interest than BUY did. If they do you'd have to think their jump would be even more substantial than BUYs

surprising that their share price hasnt picked up with the POO though.... its hasnt really deviated (except for the spike it had recently) since POO was around $45

with the large number of announcements coming up in the next few weeks it will be interesting to see where this goes

 

[swm79]

Nice announcement out on this one today... seemingly unnoticed by the market though

confirmation that Xandu and Redhill South are the prime targets

and that there is an estimated 98MMBBL of oil there... 27M recoverable... plus another 7m recoveable at Redhill South

AND because the target is so close to the shore that they're going to drill from an onshore location... which should substantially lower the costs of the drill

 

[YOUNG_TRADER]

Just thought Id clarify that todays ann was about 2 leads at TP/15 and not the whole TP/15

Here are the original leads and targets at TP/15

 

[Wysiwyg]

Nice announcement out on this one today... seemingly unnoticed by the market though

This one has been doing the rounds for awhile now. It will probably pop when least expected ................. Oh look it already has.

 

[swm79]

Annual Report to Sharholders out

if options are anything to go by the holders will be hoping there is a MASSIVE rocket under this one - 1.75m exerciseable at $0.15 before 25 Nov

... here's hoping

 

[swm79]

same games being played here as the ones over at MEO... tree shakers on BOTH of my major positions

tree shakers are stacking the sell side and then pulling the orders just before they're taken up... always a positive sign though... just got to hold your ground and trust your original buy reasons

there were some very good points in the report out the other day... TP/15 in a great neighbourhood... re-affirmation that they are talking to farm-in partners and that Xanadu may be considerably bigger than ROC's Cliff HEad... the UK permits are within a stones throw of BP's MASSIVE Wypch

LOVE the fact that these guys are going to try to drill from onshore... costs of that will be 1/10th of an offshore drill

lost of news on the way with this one, should see the SP kick it up a few notches

 

[swm79]

Good announcement for NWE today with regard to Puffin royalty:

AED has reported;
Puffin Oil field has estimated reserves of 20.93million barrels (MMbbl) of oil ( on a
P50, gross basis)

- High potential Leads and Prospects in AC/P22 and AC/L6 with un-risked cumulative volumes of OIIP in excess of 700MMbbl

- Field Development options are under consideration that are likely to see production resume within 18-24 months.

The full report styled “AED Oil Company Profile- MD’s presentation to analysts” is not presently posted to AED’s webpage but may be accessed via the ASX website/Stock Market Info/announcements/AED.

What does this mean for Norwest?

Based on the P50 reserves of 20.93MMbbl for Puffin AC/L6, and other information contained in the AED data; and on Norwest’s industry knowledge, Norwest has conservatively calculated that its 1.25% ORRI has a NPV at 10% of approximately A$15m.

This is based on oil at US$80/bbl and an exchange rate of A$1= US$0.90.

Whilst it will be about 18-24 months before Puffin returns to production and provide cash flow, Norwest believes the 1.25% royalty interest remains a valuable asset particularly given the “blue sky” potential of the longer term AC/P22 and AC/L6 leads and prospects, unrisked cumulative volumes of OIIP in excess of 700MMbbl.

the potential for this one just keeps getting better and better... but the SP reamians the same

 

[swm79]

while i'm talking about doji's over on the MEO thread... check them out here!

extremely low volume... farmin deal pending and TP15 info on the verge

 

[swm79]

finally starting to see some movement in this one. was only a matter of time IMO with the Puffin royalties NPV soaking up most of the market cap it had to move at some time

1.6 mil buyer in this morning... bids coming in at 3.4c... if it breaks 3.5 we could see a bit of a run

if they release favourable news about the UK permits or TP15 it should move very quickly

 

[swm79]

nice looking chart here. but strange activity on the market today...

could we see news tomorrow?.... i just have the feeling that things are heating up and the action today and yesterday tells me that something is going on... but who knows

 

[Crafty]

Games still going on here I think, 8000 shares in the auction at .032 ($256) to push the price back down to close lower. Few days in a row now.
Seems to me that big players are accumulating slowly. Thoughts?


DYOR

 

[Donga]

Games still going on here I think, 8000 shares in the auction at .032 ($256) to push the price back down to close lower. Few days in a row now.
Seems to me that big players are accumulating slowly. Thoughts? DYOR

Daily price fluctuations have been strange with many small/mid cap miners lately, somewhat due to relatively low trading volumes. I put NWE in the same basket as ROG, CTP, MMR and even PEN and am happy to wait the months and years as their developments unfold. Foolish yet confident enough to have a mix of heads and oppies with these miners due to their LT stunning speculative prospects.

 

[kromey]

Fair bit of action in the last half hour for NWE soon as the 3.3c line was taken out there was rapid buying to finish on 3.5c. Looking forward to Monday

 

[kromey]

Norwest to increase its interest in Northern Perth
Basin exploration permit - EP413 from 1.278% to
50.467% by acquiring Origin Energy 49.189% interest
Norwest Energy NL (“Norwest”) ( NWE:ASX) has entered into an agreement to acquire the
49.189% interest of Origin Energy Developments Pty Ltd (“ Origin”) in Northern Perth Basin
exploration permit EP413 for a consideration of A$87,500. The transaction is subject to the
agreement and relevant documents being approved and registered by the Minister for Mines
and Energy by 30 June 2010. It is also subject to the continuing parties holding interests in
that exploration permit and the Minister agreeing to certain variations of the permit
conditions one of which requires those parties to agree to the drilling of a well on the permit
by 1 February 2011.
ROC Oil (WA) Pty Ltd holds 0.250% interest in EP413 and has indicated that it intends to
withdraw from the permit and will assign its interest to the continuing joint venture
participants. After the assignment of Origins equity to Norwest and ROC’s equity to the
continuing parties the equities will be;

 

[condog]

I like this one for Q3 2010, got some stuff happening then....a bit early for me yet, but this weeks announcement is definitely a positive step for NWE...