NWE - Norwest Energy

[mobcat]

Given the announcements by NWE late yesterday afternoon the share price may be heading in a northerley direction very soon.

Any comments???

Given the volume today and SP rise I would say it’s time to load up gas is fs
ATM

 

[Stockbailx]

NWE Northwest back in the spotlight today with announcement " Rig Secured for Lockyer Deep 1'

Perfectly Placed in the Prolific Perth Basin​ Perth Basin oil & gas explorer Norwest Energy (ASX:NWE) has announced that its joint venture Operator secured the Ensign 970 rig to drill the high-impact Lockyer Deep-1 conventional gas exploration well in July 2021. Operator Energy Resources Ltd is a division of Mineral Resources Ltd; Norwest's largest shareholder with a 19.9% interest in the company. The Lockyer Deep prospect has potential for over 1.1 Trillion cubic feet (Tcf) of gas within a huge structure located in NWE's exploration permits EP368 and EP426, just north of Strike Energy's (ASX:STX) "staggering" West Erregulla gas discovery. Watch Closely

 

[doogie_goes_off]

Massive Open, grabbed some oppies. 6c strike price - good leverage. This is a big gas find.

 

[Stockbailx]

Northwest explains its discovery. I suspect theirs heaps more in the tank;

 

[Swervin Mervin]

Northwest explains its discovery. I suspect theirs heaps more in the tank;

View attachment 130607

View attachment 130608

I paid a premium today on the oppies @2.2c. See how it goes but to see it described as a rare discovery gives me confidence. Tomorrow should be interesting

 

[henrietta]

Announcement today.

HIGHLIGHTS

Preparing to perforate the Lockyer Deep-1 gas discovery well

Production testing scheduled to commence 9 March 2022

Approval received for Rococo 3D and Ringneck 2D Seismic Surveys Environmental Plan

Land access for the Ringneck 2D program secured

Ringneck 2D survey to commence 24 February 2022

Cheers

J

 

[henrietta]

Reservoir pressure of 6,514 psi was measured at the top of the Kingia pay zone, indicating a gas column in the 600 metres to 800 metres range based on the regional water pressure gradient. The apparent presence of such a significant column suggests that gas may extend across the greater structure, covering an area of some 92 km2 and far exceeding the Company's pre-drill expectations.

Nice , and now a trading halt, just to put some nerves on edge.
Cheers
J

 

[Stockbailx]

Nice , and now a trading halt, just to put some nerves on edge.
Cheers
J

Have NWE in my watch-list for few months, making small gains, now since they broke the boundry's exceeded discovery.

Northwest explains its discovery. I suspect theirs heaps more in the tank;

Trading Halt regarding operations at Lockyer Deep-1 conventional gas discovery well, and early indications regarding potential reservoir deliverability; Commencment of trading on the 15th...Always thought this was the one to watch...

 

[Stockbailx]

Well hold your seat...NWE opening early today 14th. Announced exceptional reservoir response to locker deep 1. Sounds promising expect there is more to come. They seem to be getting positive results from there Locker Deep 1 project. Up 13.5% today, expect price to rise for the up coming weeks and hold steady on the back of a good flow of gas with full production testing expected to be a good result on the 25th. Will they reach the $1 mark, I wish them all the best. Currently sitting on 0.042c.
I wonder if Swervin Mervin is still holding...( been a while?)

I paid a premium today on the oppies @2.2c. See how it goes but to see it described as a rare discovery gives me confidence. Tomorrow should be interesting

 

[henrietta]

Happy day to be a shareholder.

Cheers
J

 

[Miner]

NWE got few good things and pump from Hot Copper as well

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02503226-19DK5JRH2TTSF0QQOFVJIEKEI7/pdf?access_token=00072kDJ4WQl3deHjPcMP9dVMTHn

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02498544-3CU7C9A6L9U2IR150MT46A9DBP/pdf?access_token=00072kDJ4WQl3deHjPcMP9dVMTHn

 

[debtfree]

 

[Dona Ferentes]

Happy day(s) to be a shareholder

Sill going higher. Now $0.045c; will it push through that recent March high?

LOCKYER DEEP PROJECT UPDATE

HIGHLIGHTS

• Indicative estimate of Free Water Level increases from 4,500 metres to 4,560 metres
• Potential resource area increased from 92km2 to 100km2
• Lockyer Deep-1 Absolute Open Flow rate estimated at 190 MMscf/d
• Compositional analysis confirms high quality of Lockyer Deep-1 gas
• Joint Venture targeting drilling and 3D seismic commencing Q4 CY2022

 

[henrietta]

European lawmakers have approved a law designating gas and nuclear as sustainable energy sources, as part of a system that was intended to influence direct investment in clean energy.

That should help Australia, and NWE, and a few others.
Might mean some green faces turn purple.
Cheers
J

 

[henrietta]

Finally cracked the 5c barrier .......... on the back of some positive MIN news. Now, can it hold in a gloomy market ?

Cheers
J

 

[raimop]

NWE is my tip for the October 2022 share tipping comp because it will get confirmation this month that it has discovered the largest onshore gas reservoir in Australian history and that will rocket the SP to Mars

 

[raimop]

NWE is my tip for the October 2022 share tipping comp because it will get confirmation this month that it has discovered the largest onshore gas reservoir in Australian history and that will rocket the SP to Mars

Seems I was a month early so I'm sticking with NWE as my tip for the November competition. All I need is an announcement that a rig is booked and the FOMO will catapult the SP

 

[Dona Ferentes]

Mineral Resources Limited (ASX: MIN) is pleased to announce its intention to make an off-market takeover bid to acquire every issued fully paid ordinary share in
Norwest Energy NL (ASX: NWE) that it does not already own.

Norwest is MinRes’ minority joint venture partner in the Lockyer Deep gas project in the Perth Basin.

MinRes intends to offer one (1) fully paid ordinary share in MinRes for every 1,367 Norwest Shares held on the register date. The Offer implies an offer price of $0.06 per Norwest Share .
Norwest’s principal asset is a non-operating interest in onshore Perth Basin exploration permits EP 368 (20%) and EP 426 (22.22%). MinRes and its subsidiaries are the permit operators and owners of the remaining interest in EP 368 and EP 426.

 

[henrietta]

Crappy lowball offer from MIN, but expected. Damn good gas find by NWE , but I guess MIN will bully their way into 100%.

Cheers
J

 

[raimop]

Mineral Resources Limited (ASX: MIN) is pleased to announce its intention to make an off-market takeover bid to acquire every issued fully paid ordinary share in
Norwest Energy NL (ASX: NWE) that it does not already own.

Norwest is MinRes’ minority joint venture partner in the Lockyer Deep gas project in the Perth Basin.

MinRes intends to offer one (1) fully paid ordinary share in MinRes for every 1,367 Norwest Shares held on the register date. The Offer implies an offer price of $0.06 per Norwest Share .
Norwest’s principal asset is a non-operating interest in onshore Perth Basin exploration permits EP 368 (20%) and EP 426 (22.22%). MinRes and its subsidiaries are the permit operators and owners of the remaining interest in EP 368 and EP 426.

OMG This is such an opportunistic and low ball offer that it is insulting. By the end of the first day the MIN RES SP had gone down and the implied offer price was less that the measly 6 cents offered. Note to CE remember AWE you wanna miss out again? Maybe better offer cash and much more I think 6 cents is not even half way there and you probably know it.