NWE closed today at 4.5cents on turnover of over 14m
WA is 3 hours behind eastern states so news may be imminent
I hold at 3.4cents
NWE - Norwest Energy
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NWE closed today at 4.5cents on turnover of over 14m
WA is 3 hours behind eastern states so news may be imminent
I hold at 3.4cents
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WA govt seems to be slow . What they need is a corrupt dictator , things would get done much quicker . This is costing us profits , dont they understand that . I make a profit and Capital gains tax benefits all Oztralia .
Yes , been waiting for this announcement a while
Hopefully good news and lets hope it's not taking a while because of something bad
Yes , been waiting for this announcement a while
Hopefully good news and lets hope it's not taking a while because of something bad
oh dear still no news.. you could be right. some drop in sp too.
I think last week was overbought at the 4 + cents mark (or insiders know something we don't
), With the current market NWE is doing well considering, But it should be time for the announcement soon and when it happens we should see a fair jump (If it is good news which is to be expected )Agreed, a little pull back is no surprise. Inside day today(higher low and lower high than previous day) a little break-out set-up in itself. Interesting, what's next...
hangseng
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Decision database
All appeal decisions are available through this web site.
https://secure.dec.wa.gov.au/appeals/index.html
To search for a relevant appeal, click on the following:
"Environmental Protection Act appeals"
Then search for Norwest Energy.
Appeal number: 96
Company: Norwest Energy
Year: 2011
Result: Not assessed
Project: Arrowsmith 2 Hydraulic Fracture Stimulation EP 413, 30km North Of Eneabba, Shire of Irwin
Minister Approvals website:
http://www.epa.wa.gov.au/peia/appro...proval Statements&url=peia/approvalstatements
Minister statements: EPA search:
http://www.epa.wa.gov.au/SearchCent...p://www.epa.wa.gov.au/peia/approvalstatements
IMO this WILL get ministerial approval.
This decision is of major significance for Australia, WA, the whole shale gas industry and NWE/shareholders.
Negative, then the shale gas industry nationwide will be wiped out. Starting first in WA then the Cooper Basin. Simply will not happen, the govt knows the gas is there in massive volumes. They need this gas, pure and simple.
Positive, as I am certain it will be and have invested accordingly, it has equally significant benefits for all of the above.
A little off topic but good to see interest in Shale gas from WOODSIDE.
http://www.heraldsun.com.au/busines...e-on-other-gases/story-fn7j19iv-1226278780442
http://www.heraldsun.com.au/busines...e-on-other-gases/story-fn7j19iv-1226278780442
Yes , been waiting for this announcement a while
Hopefully good news and lets hope it's not taking a while because of something bad
They claim the usual turnaround is 6 weeks on my calculation it has been at least 12 weeks allowing for the Christmas break. The light may be on but seems no one is home. I just want an announcement good or bad. Had my money parked here for a while now doing nothing
Hi Joe,
I've read the posting rules and I believe that I am entitled to post this it calls upon shareholders of NWE to call upon the WA minister for the Environment to make a decision.
In July 2011 NWE & PARTNERS made a gas discovery at Arrowsmith 2 in the Perth Basin WA. They decided that they needed to fracture stimulate the well. They obtained the approval of the EPA. Then in mid November 2011 an unknown 3rd party appealed the EPA decision to the WA Minister for the Environment. Usually such decisions are made in 6 weeks. On my calculations and allowing for the Christmas break it has been 12 weeks and no decision.
As a NWE shareholder I have an interest in the Minister making his decision in a timely manner.
I urge all fellow NWE shareholders to email the Minister and urge him to make his decision. His email address is Minister.Marmion@dpc.wa.gov.au
Thank you
I've read the posting rules and I believe that I am entitled to post this it calls upon shareholders of NWE to call upon the WA minister for the Environment to make a decision.
In July 2011 NWE & PARTNERS made a gas discovery at Arrowsmith 2 in the Perth Basin WA. They decided that they needed to fracture stimulate the well. They obtained the approval of the EPA. Then in mid November 2011 an unknown 3rd party appealed the EPA decision to the WA Minister for the Environment. Usually such decisions are made in 6 weeks. On my calculations and allowing for the Christmas break it has been 12 weeks and no decision.
As a NWE shareholder I have an interest in the Minister making his decision in a timely manner.
I urge all fellow NWE shareholders to email the Minister and urge him to make his decision. His email address is Minister.Marmion@dpc.wa.gov.au
Thank you
I strongly agree, I must say I have also been sitting on these and picked them up because of this announcement, They do surely take a lot of time which isn't doing NWE any favors in this regard , I have no idea how successful the emailing will be but i will do so none the less
It may bring some attention to it IMO this should be a positive decision.This is excellent news
Yes , this is the good news we all have been waiting to hear. Fracking is not due to start until late April / early May and that's with no delays so realistically it could be later than that.
I expect a spike in the SP on Monday due the getting the green light and then for the SP to consolidate up to the start of fracking. I would anticipate a SP of between 6-8 cents would be achievable.I also anticipate a small surge when fracking actually commences and then who knows where to once the fracking results are in.
Happy to be holding this one
hangseng
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Re: NWE Northwest Energy
Yes it was lonely posting away without a response, but here we finally have it. Very exciting indeed.
Yes it was lonely posting away without a response, but here we finally have it. Very exciting indeed.
hangseng
Gong Xi Fa Cai
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Most likely up 2-=25% today.. should retrace down from 25%?
Anyway, hard to tell with a +ve ann.. grats to all holders
Great day today, up 31.82% closing at 5.8c
Retrace remains to be seen, however with the next stages of this very close to happening I can't see too many not willing to wait. I also see more willing to buy in readiness.
Norwest Energy ****-a-hoop over Arrowsmith-2 fracking decision in WA
Monday, March 05, 2012
http://www.proactiveinvestors.com.a...rowsmith-2-fracking-decision-in-wa-25990.html
Worth watching NUX (Norwest Energy) on the Frankfurt Exchange today. It was up 48% at close after the ann on Friday.
http://webfarm.bloomberg.com/quote/NUX:GR/chart
Norwest Energy NL
NUX:GR
0.046 EUR0.015 +48.39%
I'm going to hold these, If the drilling is successful who knows what the price could go to
. It's worth the risk IMO, considering i picked these up at around 3c 
tech/a
No Ordinary Duck
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Needs to break resistance before getting to excited.
Those who hold at 3 or so cents have a decision to make.
Protect that 100 % profit if resistance holds or continue to hold through thick and thin.
Those who hold at 3 or so cents have a decision to make.
Protect that 100 % profit if resistance holds or continue to hold through thick and thin.
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