NWE- the shell and possible 20 bagger

[skeet]

Im happy im was out at 7.1c on the 1st.

Norwest Energy NL (ASX: NWE) provides the following update on drilling operations at
the Red Hill South-1 well at 10:30hrs 17 March 2011.
Since the last report on 16th March operations have continued as follows;
 We are drilling at 1729 m MD in the Irwin River Coal Measures
 No significant gas shows or florescence
 Drilling ahead to the Highcliff target
 TD is expected this evening
 After drilling to TD wireline logs will be run to evaluate the hydrocarbon potential of the
reservoir
Red Hill South-1 well will test the hydrocarbon potential of the late Permian Dongara
Sandstone reservoir and which are prolific producers at the Hovea and Jingemia oil fields. The
Red Hill South prospect has potential of 34MMbbl oil in place and 9MMbbl recoverable. The
target reservoir is at a depth of 1,580 meters (TD is at 1,910 meters).

[A J]

Well done Steve. You have a good ability to take profit, trackers wise words tie in here to.

[Oiler]

Im happy im was out at 7.1c on the 1st.

Norwest Energy NL (ASX: NWE) provides the following update on drilling operations at
the Red Hill South-1 well at 10:30hrs 17 March 2011.
Since the last report on 16th March operations have continued as follows;
 We are drilling at 1729 m MD in the Irwin River Coal Measures
 No significant gas shows or florescence
 Drilling ahead to the Highcliff target
 TD is expected this evening
 After drilling to TD wireline logs will be run to evaluate the hydrocarbon potential of the
reservoir
Red Hill South-1 well will test the hydrocarbon potential of the late Permian Dongara
Sandstone reservoir and which are prolific producers at the Hovea and Jingemia oil fields. The
Red Hill South prospect has potential of 34MMbbl oil in place and 9MMbbl recoverable. The
target reservoir is at a depth of 1,580 meters (TD is at 1,910 meters).

Skeet you tinny bugga Now for the big question when and will you buy back in again.

[Crypto Crude]

Im thinking about the options...
Riding with the big bois...
Pity they are such short date...

.^sc

[Financially dependant]

Im thinking about the options...
Riding with the big bois...
Pity they are such short date...

.^sc

Hey Shrewdy, hope you are well...I put a low bid in on the heads to buy on any continued weakness.....

[skeet]

Yesterday things looked doom and gloom, them BAM were back in the game!

Norwest Energy NL (ASX: NWE) provides the following update on drilling operations at
the Red Hill South-1 well at 6:30hrs 18 March 2011.
Since the last report on 17th March operations have continued as follows;
 We have drilled through the Irwin River Coal Measures and are currently drilling at 1880 m
MD in the Highcliff Sandstone formation
 Trace moderately good hydrocarbon florescence with streaming cut was encountered at 1710
-1716 m MD and at 1766-1780 m MD
 TD is expected this morning
 After drilling to TD wireline logs will be run to evaluate the hydrocarbon potential of the
reservoirs
Red Hill South-1 well will test the hydrocarbon potential of the late Permian Dongara
Sandstone reservoir and which are prolific producers at the Hovea and Jingemia oil fields. The
Red Hill South prospect has potential of 34MMbbl oil in place and 9MMbbl recoverable
In accordance with ASX Listing Rules, Norwest will issue regular updates during the drilling
operations on each Thursday, or after completing an important operational phase and/or
obtaining an important assessment or result.

Only holding options at present.

[skeet]

"The Red Hill South – 1 well is currently being plugged and abandoned"

Red Hill was a bonus if it hit, Arrowsmith is were the money is. Now just to secure a rig.

[tobo]

"The Red Hill South – 1 well is currently being plugged and abandoned"

Red Hill was a bonus if it hit, Arrowsmith is were the money is. Now just to secure a rig.

I had hoped to top up at a bargain if it was a duster. Almost missed out when it bounced down-up-down-up so quick, but got some at 4.0c

It occurs to me that it may languish from current price for a while , till next news, and may even settle towards the 4c in time (FA comment, but I need to study the chart too).
(Not a big deal for me as I am a long termer.)

PEN LYC NWE MCO NAV

[trackers]

I had hoped to top up at a bargain if it was a duster. Almost missed out when it bounced down-up-down-up so quick, but got some at 4.0c

It occurs to me that it may languish from current price for a while , till next news, and may even settle towards the 4c in time (FA comment, but I need to study the chart too).
(Not a big deal for me as I am a long termer.)

PEN LYC NWE MCO NAV

I missed some at 3.7c by about 5 seconds...

[Jess9]

get any trackers? Pd 5.1 today as it is my best looking chart and I need to get that cap working : )