NWE UPDATED

Posted by Tweetypie on Hotcopper in response to the Quarterly Report, 29.01.10 Some TP comments on the Quarterly:- They're drilling TP15, Xanadu & Red Hill this year. NWE is firming up farm-in partners for the entire portfolio and working with Well Construction & Drilling Engineers to plan the drill. This really has the possibility of being a major Company maker imo; I like the interpretation they put on the acquisition of Origin Energy's 49% on EP413, which is pretty much what I thought in that it was outside of Origin's core business and therefore spun off to its lesser partner ie; NWE; Assessments are still continuing on the UK prospects, which are expected to be received by the end of Q1 2010 ie; by the end of March. Again, has massive potential imo. This will be a very interesting year for NWE this year - don't ask me why some are selling, personally I am looking to buy more and am already sitting on a bundle. Posted by Young-Trader on Hotcopper in response to the Quarterly Report, 29.01.10 Key part I gleaned from NWE's qtrly is the farm out for TP/15 is getting a whole lot more serious "With the confirmation of Xanadu and Redhill South being prime drill targets, farm-in negotiations have advanced satisfactorily with interest from both Australian and international players. The addition of the increased interest in EP413 to Norwests exploration portfolio in the Perth Basin has attracted the interest of potential farminees, not just in TP15, but Norwests entire portfolio in the basin."