It might be 110+ days however, thee were a lot of down days, equipment repair/replacement, typhoons, and days lost to on and off rig time. All of this comes heavily discounted to Nen and the JV.
Of the 100+days there will be incrteased costs of course but not the numbers some are suggesting.
And so what about the increased costa, we have a commercial find and other hot prospects in block 105, not to mention block 120.
Some times I really struggle to understand the thrust of this forum, takes all kinds I suppose?
The thing to remember here, nothing has been factored in on good news, the price will go vertocle with teh release of a commercial find.
NEN Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held