We touched on this a few times before, with similar commentary. We've talked about: . a complete take out of NEN i.e. no more NEN . a take out of specific assets i.e. b105, to support NEN keeping its B120 stake . NEN selling off some/all Vn assets but retaining the geo library, brains trust & winning team - to pursue its other interests (Indo etc) i.e. to repeat the Vn tune - I know that NEN's looking for a jv/farm-in, possibly ENI, they've worked well together in Vn.
One option that we haven't really explored for B105 (and maybe 120) is the possibility of NEN selling down while negotiating/retaining an ongoing royalty stream from these assets. This could be a very valuable income stream for the years ahead.
Any thoughts?
There are so many interesting scenarios to consider - assuming, that is, success in 105 &/or 120.
NEN Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held