- Joined
- 7 February 2007
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Given the volume today and SP rise I would say it’s time to load up gas is fsGiven the announcements by NWE late yesterday afternoon the share price may be heading in a northerley direction very soon.
Any comments???
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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 interestingNorthwest explains its discovery. I suspect theirs heaps more in the tank;
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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.
Have NWE in my watch-list for few months, making small gains, now since they broke the boundry's exceeded discovery.Nice , and now a trading halt, just to put some nerves on edge.
Cheers
J
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...Northwest explains its discovery. I suspect theirs heaps more in the tank;
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
Sill going higher. Now $0.045c; will it push through that recent March high?Happy day(s) to be a shareholder
That should help Australia, and NWE, and a few others.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.
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 SPNWE 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
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.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.
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