Anyone who is selling NEN at these prices really do need to look at their trading strategy. NEN will run up to and beyond the spud in block 105 and that's before we look at block 120.
I appreciate that the traders will be all over NEN now but really, those that have been with NEN for a time will be keeping their powder dry.
If you are wavering, have a look and research Timber7'S post and google what a diapir is and probability of gas/oil. Then look to the reports and especially the 3D analysis indicating a gas kitchen etc.
Nen is the best resource stock in the market when measured against risk-reward and the potential success.
In my view NEN has every chance of being the next Karoon and those who were in the market back then will appreciate what this means.
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