NGE 1.84% $1.07 nge capital limited

oil seeps, page-4

  1. 532 Posts.
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    Hey Nuke, those stories usually occur around tuesday nights if I remember correctly. and others if you are worried that 267 is a red herring then get out of the stock, that region is gold (al beit black). NGE owe plenty of people plenty not to mention the first cap raisers who chip in at 28 cents if I remember rightly. The company has great assets but its all about how management play them, they need to drill and firm up reserves as oil in place for sale far out weighs possible reserves. Seismic will give NGE a better idea of where to drill to save money, it will imply oil in place but until the lid is opened (i.e. drilling) nothing can be certain. Everything is speculative including price per share until drilling results are analised and proved. there is also the issue of rock type in the area and how easy it is to drill through etc etc. I cant believe I am typing this midnight saturday, maybe I should work harder. good luck to all holders
    cheers
 
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