By Ian Gilson, PhD, CFA
New Western Energy (NWTR) has completed building out the infrastructure for the ten leases it owns in Rogers and Nowata Counties, Oklahoma. We have expanded our table (on page 4 of this report) to include the new data available to us on the 8 leases acquired early this year from Pioneer Oil and Gas Development. We have included our estimates of the possible reserves in each lease.
The next step is to focus on production. Wells can now be brought on line and other wells reworked. Flow rates can be established and gas can be delivered for sale.
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