NWE - Norwest Energy

[chops_a_must]

You'd think NWE's Attributable NPV value would at least get the same effect if not more

Unfortunately it hasn't worked like that for this one.

I'm still prepared to hold this as one of my few positions, as it still looks solid enough for me.

 

[YOUNG_TRADER]

Depending on the South West Reserves I reckon NWE will run up on announcement,

Currently Puffin Worth $41m = NWE 20c Share tradin around 15c

If South West worth say $10m
ie Total Puffin worth $50m = NWE 25c Share may reach 21c

If South West worth say $20m
ie Total Puffin worth $60m = NWE 30c Share should get to 24/25c

If South West worth say $30m
ie Total Puffin worth $70m = NWE 35c Share Should get to 30c

So it'll all depend on South West upgrade amount, still Puffin has already gone from $33m to NWE to $41m = 25% increase, so after Puffin South West
I wonder how much more Oil could be upgraded?


Anyway Glad I was able to get as many as I did at 15c/15.5c cause I don't think I'd be able to get such a large chunk anymore,

As for the South West reserves, we'll know by the end of the week how large they are, can't wait

 

[YOUNG_TRADER]

Moved up 1c (6.45%) on volume of 3m, 2 days to go till AED releases South West Reserves, ohhhhhhhh the antcipation of it all

 

[chops_a_must]

Moved up 1c (6.45%) on volume of 3m, 2 days to go till AED releases South West Reserves, ohhhhhhhh the antcipation of it all

Looking forward to it. More than a quarter of the resistance at .17 was taken out, so it should be interesting to see how it starts tomorrow with opening bids. Some of them may even be pulled, if it looks like going through. Hopefully it gets some legs.

 

[YOUNG_TRADER]

Buy depth building in anticipation of South West Reserves ann me thinks

 

[chops_a_must]

Just like I thought. A lot of the sells at .17 were pulled. Now up to .175 with buyers coming in quickly. Doesn't look to be much after .18. Hopefully it can take a big chunk of the resistance out during the day and set up for a run tomorrow and Monday.

 

[YOUNG_TRADER]

Moved up 1c (6.45%) on volume of 3m, 2 days to go till AED releases South West Reserves, ohhhhhhhh the antcipation of it all

Crept up another 1c or 6%, meanwhile AED up 4%

 

[noirua]

There seems to be a quite large trade going through at 17.5 cents, most went through at 11.31.21 hrs. Interesting to watch.

 

[YOUNG_TRADER]

There seems to be a quite large trade going through at 17.5 cents, most went through at 11.31.21 hrs. Interesting to watch.

?

A large trade will be when a person with deep pockets realises the upside potential offered by the upgrade at Puffin 25-35c NPV and the downside given current NPV of Puffin is 20c and decideds to take out the 1m at 18c in 1 go

 

[noirua]

?

A large trade will be when a person with deep pockets realises the upside potential offered by the upgrade at Puffin 25-35c NPV and the downside given current NPV of Puffin is 20c and decideds to take out the 1m at 18c in 1 go

Hi, I've just bought a few, but not very many - I usually say that. This is purely on the trading this morning, your prompt, no other. Hard to see if there is one person picking up stock, anyway, they will have to pay 18 cents now.

 

[powerkoala]

YT, if someone take 18c 1M, then this will be blue sky
guess ppl still waiting for tomorrow news before moving north...
we have to be patient for a moment

 

[YOUNG_TRADER]

AED is up 5% now, I'm surprised that those sellers at 18c have actually left orders up there,

Be interesting to see where AED finishes up today

 

[powerkoala]

maybe because xao down, nikkei down...
market is little bit worry..
9% for today is quite good compare to others
but with AED touched $5 again...
NWE should go back to 20c area again....
we will see that when the ann arrives

 

[YOUNG_TRADER]

Also while irrelevant in terms of real value the Jingemia well is actually being drilled quite rapidly, 550m+ overnight, we may get oil shows Friday/Saturday and I guess good news is good news

 

[YOUNG_TRADER]

AED ann out!


Huge upgrade almost double


Estimates of Oil Initially in Place (OIIP) in the Puffin South West region (SW), in the Timor Sea, owned 100 per cent by AED Oil Limited (AED or the Company), have been confirmed in the range of 38 to 97 million stock tank barrels (MMstb). This range and the most likely volume of 65 MMstb are similar to the volume of oil in the Puffin North East region (NE) now being developed by AED. Recovery factors for the SW are likely to be broadly similar to those for the NE and are estimated to range from 40% to 70% depending upon the areal extent and shape of the reservoirs, reservoir quality and performance and the mode of development.


I reckon attributable value to NWE will be $60m-$70m = 30c - 35c NWE!!!!!!!!!!!!!!!

 

[Sean K]

Hhhmm, I don't normally like to give a running commentry of stocks during the day, but at 12.33 a few decent orders went through. Ppl getting set for this announcement that seems to have been well telegraphed....strange.

 

[spottygoose]

Hhhmm, I don't normally like to give a running commentry of stocks during the day, but at 12.33 a few decent orders went through. Ppl getting set for this announcement that seems to have been well telegraphed....strange.

Great news out. It was rumoured elsewhere that ann. was coming today but we can't post rumours here. Fantastic news for NWE the best of the likely scenarios!

 

[YOUNG_TRADER]

I don't think the mkt realises how big an upgrade this is for AED/NWE their SP's should be up 40-50%,

NWE is providing an amazing day trading opportunity, I think later today or tomorrow NWE will release a Puffin Attributable value update which will go from exisitng $40m to $60m-$70m thats 30-35c surely it should trade at 25c given that if not higher

We'll wait and see

 

[Rob_ee]

Todays ann seems good BUT NWE only have a 1% interest and others have 99%..... so why is this so great for NWE ?

Just curios ? maybe I read the wrong announcement or don't know what I am talking about (most Likely)

Rob

 

[spottygoose]

Todays ann seems good BUT NWE only have a 1% interest and others have 99%..... so why is this so great for NWE ?

Just curios ? maybe I read the wrong announcement or don't know what I am talking about (most Likely)

Rob

Prior to the ann. puffin was worth $41 million dollars to NWE, reserves have almost doubled. So now probably worth more like $70 million +