Thats the unfortunate part TCG, I do believe it. Theres far to many so called professionals amongst the professionals in the finance industry, especially in the advisory area (in NZ anyway).
While the tail might wag the dog for a while the only concrete way to put runs on the board for a junior oiler is by converting prospects into proven reserves. Fortunately we have the projects to do just that even if it is taking longer than we thought.
Personally looking forward to a heads up on:
1/ Lower Stevens test
2/ Seismic commentary on the prelim analysis of Block 120. Block 105 a couple of months later.
3/ Edison description and forward plan
4/ NSA Nearfield description and forward plan.
5/ PV permitting update (hav'nt seen any approvals from DOGGR as yet)
NEN Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held