NSE 0.00% 0.4¢ new standard energy limited

wet gas encountered at depth in lower section!, page-2

  1. 4,803 Posts.
    Hi anatol,
    yes i noted that on the presentation and wondered why they had made it sound so insignificant. is it because they should have released it when first known about? but they didn't release it for whatever reason. possibly an oversight? or could they have the justification of not releasing the news because until they know how much it could end up like a false start. ie they announce "we have wet gas signature". everyone buys. then they announce "oh but its not commercial....sorry". if this happened they would have massive problems and their integrity would come into question. not sure of all the legalities etc just a different way of looking at it.
    either way it is looking good for our project however it owuld be nice to start drilling sooner than when they are estimating. i really feel like a decent progress report on this matter should be released so that investors can get a better handle on what they are actually doing about rather the standard throw away lines they give. we should also be updated on potential cost blow outs as this has the potential to have the company needing to raise money again. i would have to say their disclosure to date on such important issues has been borderline in accordance with the rules at best.
    cheers
 
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