new research cannocard, page-11

Sorry guys - have I missed something here? Was this mailed to shareholders recently?? I didn't receive one - but I do get a lot of "crap" in the mail from companies at this time of year and may have missed it.

I can't help think NEN's IR is non-existent and if this was just recently posted on the website, I wouldn't have thought there was any conspiracy other than someone forgot to put it up on the website previously.

TShirt - I agree a CR is imminent (early Q1 I suspect) but don't agree there are alternatives. One well doesn't make a summer (nor prove up multi TCF's) - and to farm down now pre appraisal would be giving away far too much value (because no one would pay full value with major uncertainties about the size of the resource). Also there is no way you can raise debt on the back of one well. It would not be possible nor prudent to do so.

So I noticed yesterday the sellers still filling in the bids at close....

Frustrating - but inevitable!!