"The completion of Gibb Maitland is very important and could create some good momentum leading into the final well in the first stage of this JV, which is anticipated to be very rich in carbohydrons."
Remember Lawford1, it was spudded early Oct 2008 ( I do as this was when my Daughter was born" , drilling was stopped due to "drilling problems" and the "wet season". NSE were going to come back straight after the wet and complete it.
When did they complete it ? Not one year later , not two years later but over three years later! By this time my Daughter could not only walk and talk but was chasing boys around the park.
NSE claimed at the start that they would according to their interpretations hit the Laurel at 1300 m , well they drilled 1.4 kilometers deeper than that and still did not penetrate it.
NSE were also touting that this well could contain 440 million barrels of oil. All they got was DUST.
But it's OK , your investment is in competent hands.
NSE Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
