Thanks bambam074. I aim to trade with as little bias and emotion as possible. Very difficult to do when achieving high % returns in a trade such as NGE. I try not to "fall in love" with a stock, but NGE really does seem to have the "profit potential" wrapped up in a nice package. For me personally, the junior specky risk factor is down rated hugely now that Talisman are on board and have brought their cheque book with them.
The next phases to watch are the drilling and drill results. The obvious major uncertainties are will they find oil and what will the flow results be? This is likely to unfold in the next couple of months if not sooner. The oil flows and production surrounding the NGE leases are very encouraging so that is in NGE's favour.
Maybe some other posters on this thread could post on "who" surrounds the NGE leases and what their current production outputs are. This might help to highlight the potential for the NGE leases.
Like I've said before, the NGE story is compelling and has the potential for further huge upside moves. It's only the begining but like others have said, after the "company making" announcement on Friday, I'm very comfortable to be in on the ride.
Good luck with your trading.
cheers Ange
NGE Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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