The share price doesnt explain anything related to the commerciality of this particular well stapleman. This is a fact. Your mind can easily trick you into believing otherwise.
The simple fact of the matter is that no one will know what this thing is worth until TVD is reached and logging starts.
Flaring, surface gas shows etc are all ancedotal. Every one knows nothing.
Rig crew have signed confidentially agreements. While on rotation they dont leave the rig. Its a short stint.
The share price is a reflection of the market. Take our partners for example; both kris and ENI have reported some good news over the last few weeks and both are going sideways
NEN Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held