Looks like somethings finally going on here. NWest has traded it's drilling exploration permits for money, and warrants in shoal point energy, a pink sheets stock that it currently drilling a shallow horizontal well nearby to see if they can flow oil. We'll know in late March or early April.. If they flow oil, this could fly. If gas or nothing... it's going to the bottom. High risk high reward play. Any veterans have thoughts on this? It's a deep and very porous shale field, likely has a lot of gas, but is thought to contain as much 5-15 billion barrels of oil.
NWest Energy Announces Proposed Transaction