NWE- the shell and possible 20 bagger

**Huang Chung** · 01-10-2007, 08:14 PM

NWE thread has been quiet of late......

Noticed AED put on 10.7% today, and NWE 4.7%. Googled AED to see if there was any news about achieveing first oil, but drew a blank.

Any thoughts people?

Disc: Hold AED

**tricha** · 01-10-2007, 09:04 PM

No news, but the price is like u say, going for it, a bit like DLS last Friday Huang.

The ASX must be on holiday, no speeding tickets issued again.

Good to see u have some quality oil in your portfolio, when the herd catches on we should get a re-rating of the energy sector soon, as U has died in the ass.

And just in case u did not catch it Huang, Otto Energy is my next powerplay. ( Peter Strachan rates it highly)

**mattyroo** · 02-10-2007, 10:54 PM

I reckon it was speculators betting on an announcement in the next couple of days that drove the SP of both AED and NWE yesterday. Those in the know probably sold out today and will buy back in again at a lower price. Just my opinion. Am trying to get some further info......

**Huang Chung** · 02-10-2007, 11:07 PM

I actually tried to bail on AED today at about $9.80, but missed out, so I'm still holding.

**KKelv** · 07-10-2007, 12:39 PM

Should be a great couple of weeks for NWE

puffin 8 should be pumping as I type and puffin 7 to be bought on line very soon. Any predictions for price? I'm thinking 40 early next week rising to 45 in 2 weeks.

**Toulouse - Luzern** · 07-10-2007, 04:37 PM

Take a look at the news posted at 12.34 for NWE on Direct Broking - it gives the details.
Is this opportunity?
Looks good.

**Mick100** · 08-10-2007, 01:43 PM

ASX Announcement
8 October 2007
First Oil Production and Drilling Update
Puffin- NE Development
AED (AED or the Company) advises that the Puffin North East Development has
commenced production, with first hydrocarbons from Puffin-8 reaching topsides at
16.21 hours last Saturday, 6 October.
Puffin-8 has been producing up to around 12,000 stb/d on a ¾ inch choke before
being shut in, and Puffin-7 has subsequently been commissioned, reaching a maximum
rate of around 16,000 stb/d over night.
Currently, the flow from both wells is being combined and the plan is to gradually
increase the total flow through the process facilities to the interim commissioning
rate of 27,000 stb/d late today, before progressing to stabilized production rate.
Puffin SW drilling Update
Further to the ASX release on 5 October 2007 the Company advises that the Wilcraft
drilling rig is now on location and is in preparation to commence drilling the Puffin-10
production well located in the Puffin SW region.

**Huang Chung** · 08-10-2007, 08:36 PM

Judging by the muted share price reaction for both NWE and AED today to AED's announcement of 'first oil' from Puffin, it would seem that the the news had largely been factored into the respective share prices.

Still, a very nice run over the last few weeks.

Shrewdy, any thoughts as to were we go from here?