NWE - Norwest Energy

[ACEz]

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.

You have a good point , I know I should take the profit , But I really do think NWE have a good Potential , Although now I do have some breathing room , I have a stop in place and if that is triggered so be it I will still be very happy

 

[philly]

why not sell half and take profit and keep the other half
Fracking due to commence late April in the scheme of things not long to wait
we know there is gas in Arrowsmith-2 just need to get it out
if successful the rewards will be significant

 

[tech/a]

BOOM

Straight through resistance on solid volume.
Stop at the most recent pivot low.

 

[newanimal]

looks to me like a little sell-off/profit taking at about half the volume of two prior days of steep climb.

*fundamental milestone achieved.
*fracking to begin late April /early May where massive volumes of gas is known to be.

I continue to hold-but that's me

 

[Garpal Gumnut]

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.

BOOM

Straight through resistance on solid volume.
Stop at the most recent pivot low.

Decisions, decisions, decisions.

Once it's made, that's it, one lives with it for good or bad.

gg

 

[ACEz]

looks to me like a little sell-off/profit taking at about half the volume of two prior days of steep climb.

*fundamental milestone achieved.
*fracking to begin late April /early May where massive volumes of gas is known to be.

I continue to hold-but that's me

Today was nothing of a surprise , after such an increase two days in a row from no info other than breaking resistance, It was very expected , It seems to have a fair bit of support between 6.6-6.8 , The stock may get another boost before drilling from the seismic surveys on Wessex , But who knows

 

[Tristan576]

Newb question but what factors/indicators determine when to re enter?

After watching the stock for some time I bought in the day before the appeal dismissal and took a nice profiting on open the next trading day.

 

[Bonk]

This is going to be active for sure , but once the fracking is done it is going to be dead in the water . It is going to be long time and capital intensive , means many years and millions of dollars expense . The players have not factored this yet , and there is much hype at the moment . EGO was similar until it dawned , then we see what it really costs to be a player in the patch , especially with shale . The wise men are now saying you have to be the operator and majority holder to profit from shale plays. And dont forget there will be a glut of gas in 5-7 yrs.

 

[philly]

Norwest Energy announced today that it has locked in the crucial fracture stimulation program for its Arrowsmith-2 shale gas exploration well in the northern Perth Basin.
The fraccing equipment sourced from Halliburton will be mobilised to the location in June 2012 following completion of current projects in the eastern states.

The market seemed a bit disappointed by this delay. Earlier indications were that fraccing would commence later April / early May but as all oil and gas investors know these proposed dates can be a bit flexibile.
Just a little bit longer to wait before hopefully the good gas flows.
A happy holder

 

[philly]

This is going to be active for sure , but once the fracking is done it is going to be dead in the water . It is going to be long time and capital intensive , means many years and millions of dollars expense . The players have not factored this yet , and there is much hype at the moment . EGO was similar until it dawned , then we see what it really costs to be a player in the patch , especially with shale . The wise men are now saying you have to be the operator and majority holder to profit from shale plays. And dont forget there will be a glut of gas in 5-7 yrs.

I agree with your views about EGO but hopefully NWE will fare better given that Australian Worldwide Exploration [AWE] holds a 43.394% interest and Bharat PetroResources Limited (BPRL) a major Indian state-owned explorer holds a 28.303%. interest. The bigger players make things happen and AWE is especially interested in developing the shale gas in the Perth Basin.
All IMHO

 

[newanimal]

nice pennant formed for a potential break-out.

 

[tremmas]

nice pennant formed for a potential break-out.

...aaaaaand there it goes, right on cue.

New high posted on good volume. Looking for it to finish on its highs and set it up for a strong open on Monday.

Protecting profits closely here - still a few months until equipment arrives in the Perth Basin and would prefer to be in and out with potential to make a play for fraccing results later in the year.

 

[ACEz]

...aaaaaand there it goes, right on cue.

New high posted on good volume. Looking for it to finish on its highs and set it up for a strong open on Monday.

Protecting profits closely here - still a few months until equipment arrives in the Perth Basin and would prefer to be in and out with potential to make a play for fraccing results later in the year.

Sold out today at 7.8c very happy, Protecting the capital at this point.

Will get back in (Maybe even Monday)

 

[hangseng]

...aaaaaand there it goes, right on cue.
... still a few months until equipment arrives in the Perth Basin and would prefer to be in and out with potential to make a play for fraccing results later in the year.

Fraccing equipment will be onsite in late May/June

You won't be waiting until "later in the year for results", they will be released soon after fraccing commences with regular updates.

You may, or may not, know that they already know gas is there, it is a matter of how much. To date by all estimates this has the potential to be one of the major gas finds in WA. Many eyes on this now from Govt to industry, it is significant by any measure.

I was happy to take half off the table for far more than I paid for the total original accumulated parcels. Now free carried all the way to the gas find and the inevitable spike in sp that will ensue.

Interesting to note many TA commentator wrote of NWE on the first spike up on the ministers announcement. In this case a very wrong assumption regardless of what the chart indicated, unless you were hunting for a few pips only.

Another unloved minnow that all was required was to get in early based on sound research and have patience. The NWE I sold paying for my first nice parcel of QPN and conversion of all my PENOA.

How many have been watching the new QPN? Yet another unloved minnow about to happen on my doorstep in the oil and gas rich region of Sumatra...DYOR and chart away and be happy

Enjoy...

 

[Garpal Gumnut]

Fraccing equipment will be onsite in late May/June

You won't be waiting until "later in the year for results", they will be released soon after fraccing commences with regular updates.

You may, or may not, know that they already know gas is there, it is a matter of how much. To date by all estimates this has the potential to be one of the major gas finds in WA. Many eyes on this now from Govt to industry, it is significant by any measure.

I was happy to take half off the table for far more than I paid for the total original accumulated parcels. Now free carried all the way to the gas find and the inevitable spike in sp that will ensue.

Interesting to note many TA commentator wrote of NWE on the first spike up on the ministers announcement. In this case a very wrong assumption regardless of what the chart indicated, unless you were hunting for a few pips only.

Another unloved minnow that all was required was to get in early based on sound research and have patience. The NWE I sold paying for my first nice parcel of QPN and conversion of all my PENOA.

How many have been watching the new QPN? Yet another unloved minnow about to happen on my doorstep in the oil and gas rich region of Sumatra...DYOR and chart away and be happy

Enjoy...

Thanks HS,

You are a mine of information.

How goes you.

gg

 

[hangseng]

Thanks HS,

You are a mine of information.
How goes you.
gg

I go very well gg, happy as a pig in .... so to speak my old mate/foe

The last few months has been very good to me in more ways than one, including the market. Bit of a midas touch of late so rather pleased with the way things have been going.

Not mine of information, I just read a lot and take notice of what happens around me. I have the luxury of being very close to the resources industry with many contacts. Some read charts, of which is all good as I do at times. I tend to more read what companies are up to then look to see if it suits my entry requirements. Needs to be unloved and have something of value that others haven't yet noticed. If they have already noticed it then the chart is showing it and then you good chaps post them, so I look elsewhere. But that is the contrarian I am.

A little hint the new gold isn't gold or mining stocks generally IMO (apart from silver and uranium). It is GAS, shale gas that is and the gas such as in Ranau Sumatra. If there was a way of bottling our own and that of cows then I would do it

But hurry it won't last, once all the production comes online in the next few years the gas will have a distinct odour as supply outweighs demand. For now it smells like roses and has the feel of gold.

QPN, TTE, TSV and NWE are making my bank account look rather healthy. All of them unloved except NWE now, of which is like a mare on heat with a paddock of stallions.

Going to be a difficult year IMO, so need to work at it to find the way forward. Gas will light the way...

Hope all is well in the world of gg.

Back to the books, a G&T or 2/3/4 and google for now...money to be made gg keep smiling.

 

[Garpal Gumnut]

lol Hangseng,

It sounds as if your trading will ensure you take home the bacon.

Let me know if you need any charts.

Continue the good posts mate.

Am in this little goer, but later than you.

gg

 

[newanimal]

Thanks HS,

You are a mine of information.

How goes you.

gg

Likewise Hangeng, not all of us have the time to read or the luxury of "resources" at our disposal. Though we DYOR best we can, it's helps to have a timely 'heads-up' or two. Love those "unloved minnows"

 

[philly]

Yes shale gas is the place to be for now but just for a moment look away from the northern Perth Basin and take a closer look at NORWEST ENERGY [NWE] interests in the Wessex Basin in England.
French major oil company TOTAL has launched a AUS$108 million takeover offer for NWE partner and UK listed WESSEX EXPLORATION.
Amongst WESSEX EXPLORATION’s assets are
• a 1.25% stake in the Zaedyus oil discovery offshore Guyana late last year.
• a 50% stake in PEDL 238 in the Wessex Basin and
• a 25% stake in PEDL 239 also in the Wessex Basin.

There is no doubt that TOTAL’s interest is in the Zaedyus oil discovery however if the takeover for WESSEX EXPLORATION is successful it will also pick up the interests in the 2 Wessex Basin permits.

NWE holds the remaining stakes in PEDL 238 and PEDL 239 and is the operator. Both permits are located close to the giant Wytch Farm field, which has produced over 400 million barrels of oil so far.

NWE has spent over 3 years on extensive technical work to map PEDL 239 and surrounding regions. This has resulted in the identification of the Razorback prospect that could hold 43 million barrels oil in-place in the targeted Triassic Sherwood Sandstone. More recently, NWE shot 54 kilometres of 2D seismic to provide the detail needed to demonstrate the prospects structural integrity.

Over in PEDL 238, NWE has identified seven leads including Mooneye could hold 53 million barrels of recoverable oil, Coho could hold 10 million barrels of recoverable oil, Beluga could hold 8.92 million barrels of recoverable oil and Hurst Castle 6.92 million barrels of recoverable oil.

Any success that NWE makes in the Wessex Basin could also cause TOTAL to take a greater interest in the permits, which could help accelerate any potential developments.

I hold.

 

[tech/a]

BOOM

Straight through resistance on solid volume.
Stop at the most recent pivot low.

Moving my stop to .065c
This is a very critical point for NWE with resistance going back 12 mths.
Need to see it blast through resistance again.