1/ water disposal well at NSA either drilling or about to. This is expected to fix the current production bottleneck. In combination with thermal enhancements in action a significant lift in production is expected in the next 3 months.
2/ Vietnam 3D seismic due soon, maybe within the ENI report on the 14/3. Can't see it being much later.
3/ Paloma farm in which could be anything from now to whenever. This will allow Paloma to be valued and may come with a development plan.
4/ Updated Paloma resources shortly.
5/ Paris Valley well permits in process.
6/ Vietnam rig contracts pending.
7/ Vietnam drill timetable.
Now one could take the gamble to leave it for a few months but the issue is with so many open ended pending milestones they could happen sooner rather than later.
The key for me right now is to keep an eye on the stocks momentum particularly given the price volume action of the last couple of weeks. Continued improvement in momentum would signal a change in sentiment and if thats the case the stock can run on anticipation of news without the news itself.
NEN Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
