chops_a_must
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Which NWE hinted at in the release...blues said:
NWE - Norwest Energy
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Really? I thought it was crap,
NWE farmed out 20% for $2m AUD
I was dissapointed, especially after the Indian Articles touted much higher figures
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not sure why you think this was crap, nwe will recieve 550,000 dollars for giving up a few % interest in a very promising block, which nwe still has over 20%, i think you might be referring to bounder with regards to a touted much higher figure, also mentioned looking forward to another deal with our indian friends in the near future. well done nwe keep up the good work ,beach
NWE farmed out 20% for $2m AUD
I was dissapointed, especially after the Indian Articles touted much higher figures
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Note: I am not a Financial Adviser, nor are any of my posts intended to be financial advice, they merely express my own opinions
not sure why you think this was crap, nwe will recieve 550,000 dollars for giving up a few % interest in a very promising block, which nwe still has over 20%, i think you might be referring to bounder with regards to a touted much higher figure, also mentioned looking forward to another deal with our indian friends in the near future. well done nwe keep up the good work ,beach
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beach said:
20% IS NOT "GIVING UP A FEW %",
Guys you seem to forgot that NWE happily gave up its stake in Puffin field and dilluted down to a 1.25% Net Royalty Interest, sure its still a great NPV for a tiny company, but surely you all ask what I do, WHY OH WHY DIDN'T THEY KEEP SAY 5%!!! THINK OF THE DIFFERENCE THAT WOULD HAVE MADE TO NPV!
I just don't want to see them doing that again, thats all.
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Hot off the press.....update research note from DJ's values NWE at 26.5c so seemingly plenty of upside to be had from their point of view.
chops_a_must
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Any idea where you got that from?LifeisShort said:
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chops_a_must said:
Yes I'm reading it as I'm writing this. It has only come out today and is available to DJ clients at the moment. I'll check if I can post it on here tomorrow.
YOUNG_TRADER said:
Hey YT -I think the Mag' result has firmly changed their focus to the North Sea. I get the impression NWE will be happy for others to share the load and hopefully continue building/proving up reserves locally and pouring money in (5% of Puffin would have been nice though)while they get amongst some substantial gas at very little (hopefully less than little) cost to themselves. >20% of 3-500 odd BCF would do nicely for starters.
Are you thinking about getting back in ?
You can smell it can't you
: A few 20c options floating around would have been nice hey
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NWE report.....will become available in 10 days. I'll post it then in the meantime unfortunately I can't.
Out Too Soon
My real name is King Julian ;)
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beach said:
Thanks for that beach,
A lot of the hot air dissipated end of January, : , now we can get back to basics, will be interested to see Lifes report when he can release it.
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jtb said:
I'LL BE BACK! (now play theme music for the Terminator)
: Seriously though I will buy back in very soon
chops_a_must
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Might become redundant by then if the next AED puffin report is a good one...LifeisShort said:
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chops_a_must said:
It's just a one page update report on NWE going on the previous report released last year but of course touching upon the new developments and updating price targets
chops_a_must
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Something is up with this one right at the moment. Up about 7% in the space of a few minutes. Breaking out.
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Carmichael research report from the NWE website.........
"Valuation
We value NWE at 26.5 cps as a base case on the estimated discounted cash flow
generated from the Puffin Phase I and Ia development, plus a number of high impact
exploration targets, to be drilled later in 2007 or 2008. Our valuation rises to 31.5 cps
on an upside case from the addition of further cash flow generated from the Phase II
development at Puffin.
We assumed a fully diluted issued capital of 217m shares and options and a discount
rate of 8% over a production life of 4 years for the base case Puffin development, to
generate discounted cash flow of $25.2m or 12 cps. We estimate an upside case
realising $41.3m in discounted cash flow (8%) over a life of 5.85 years, or 17cps.
Further upside, from additional potential reserves in the Puffin blocks, have not been
included.
We estimate NWE will have cash, post sale of it s West Virginia gas assets, of
approximately $8.2m or 4.0cps on a fully diluted basis."
"Valuation
We value NWE at 26.5 cps as a base case on the estimated discounted cash flow
generated from the Puffin Phase I and Ia development, plus a number of high impact
exploration targets, to be drilled later in 2007 or 2008. Our valuation rises to 31.5 cps
on an upside case from the addition of further cash flow generated from the Phase II
development at Puffin.
We assumed a fully diluted issued capital of 217m shares and options and a discount
rate of 8% over a production life of 4 years for the base case Puffin development, to
generate discounted cash flow of $25.2m or 12 cps. We estimate an upside case
realising $41.3m in discounted cash flow (8%) over a life of 5.85 years, or 17cps.
Further upside, from additional potential reserves in the Puffin blocks, have not been
included.
We estimate NWE will have cash, post sale of it s West Virginia gas assets, of
approximately $8.2m or 4.0cps on a fully diluted basis."
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spottygoose said:
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Here is the whole report
http://www.norwestenergy.com.au/files/resourcesmodule/@random45d104e854a64/1171326253_NWE_080207.pdf
http://www.norwestenergy.com.au/files/resourcesmodule/@random45d104e854a64/1171326253_NWE_080207.pdf
chops_a_must
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The way I read it, Puffin has been upgraded by almost a third. So... 31c... from 26c? Seeing as though NWE valued Puffin at a minimum of 15cps, 31c seems very low.spottygoose said:
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