RE:RE:RE:Hurdles to overcome with Gas commercialization?
you forgot to mention that there are three wells to add to the existing 8 - that's based on discoveries up to end of December. All of the 13,000 barrels a day (oil output) is coming from PEL 91. Nothing from PEL 106 as of the last reported production date. That will change big time as they tie in PEL 106A and 106B permit areas. Also, there have been major discoveries subsequent to that date. A lot of production is awaiting tie-in --- go to the Drillsearch website and read the number of wells that have been successfully drilled and are awaiting tie-in. Factor in the additional drilling successes to come (just like they have in the last two years) and you quickly arrive at the conclusion that production will easily double and probably triple within the next two years. I advise you to spend some time reviewing the maps and drilling data on the Drillsearch and Beach Energy websites and you will arrive at the same conclusion. Factor in that the Australian dollar has depreciated against the US dollar (oil and gas are quoted in this currency) and that the average price of crude has risen so far in 2014, you get additional comfort that royalty income for NWX is going way up. Why aren't you selling your shares. Come on. You keep posting negative krap on here. Are you hoping to pick up more at these super cheap prices like I am ?