I really thought NSE gave away too much to COP in the original farmout (75% for 109 million AUD as I recall)...plus NSE got all the potential financial downside with being responsible for cost blowouts. BRU managed a better deal overall with Mitsubishi imho. Being a minnow in this game with the big boys you really need to be a commercially savvy, switched on operator. Sam's had the benefit of the doubt, but at the moment you can't say it is only bad luck the NSE is having.
NSE Price at posting:
20.5¢ Sentiment: None Disclosure: Held