Price for a fail I would say 50% loss on our current sp, so end up somewhere around 14-15 cents.
That is only ballpark guess though.
I only thought it might be good to discuss something else rather than ppl complaining about delays and cost overruns etc.
If this well was a duster there would have been NO delays, it would have been plugged and abandoned by now.
Instead what we have is known gas in four of the target formations and operator now sidetrack drilling to test the flow rates and gas content of the reservoir.
Couldn't ask for anything better.
BTW when these unknowns become known likely the stock will go into trading halt for a few days prior IMO.
NEN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held