Response to ASX Price Query now more about marketing
NVG today response
(On 25 January 2013, as a result of the Company’s previous response to an ASX Price Query, shares in the Company traded to an intra-day high of 5.5 cents and closed at 3.5 cents. The volume for that day was in excess of 99 million shares traded. This was largely fuelled by speculation regarding the Company’s NavGas Project being in the neighbouring vicinity of Linc Energy’s Arckaringa Basin Shale Project, which was the subject of much publicity Since that time, and based on the Company’s further ASX releases of 29 January and 15 February 2013, interest and speculation regarding the Company’s NavGas Project has continued. Shares in the Company have generally traded in a broad range from 1.5 cents to 2.8 cents in the period from 25 January 2013. Accordingly, and against this backdrop, the Company does not consider the trading referred to in your price query as unusual. )
