NXS 3.57% 29.0¢ next science limited

nxs - up day tomorrow, page-7

  1. 741 Posts.
    considering that the official announcement states that the gas is only possibly commercial as an addon to something (longtom?) else, hence non commercial in its own right, then I would guess no difference. Just how marginal it is will only emerge when a reserve announcement comes out. But since OMV made a standalone gas project in much the same area out of probably less than 80-90 bcf or so (patricia/baleen) reserves, the operators apparently do not have overly high expectations for reserves if they are prepared to make this statement. No wish to be a doomsayer, just analysing the comments made.
 
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