what possibly next for nen?, page-7

Think most traders know a rough figure on cost blowout. What we do not know is where ENI want to go in terms of a deal. Are they looking at data for Indonesia to see if they can lessen the cash requirement from NEN?

How far will NEN bend over to not have to raise capital?

This could turn positive if a deal gets done to drill Indonesia but there is still Kris energy in the mix. ENI will drive this where they want, but more importantly, they will drive it when they want. With cash requirements hanging over NEN's head like a guillotine SP will go lower short term.