Checkers - what it means is a very expensive non-commercial well. Yeah sure - the block has potential - but at what cost. BHP found 6M of oil from memory - this has 5! Nice try at the spin KC - but it didn't fool the market who know a dry hole when they see one....
Anyway - despite what some "experts" on here said - this was always an exploration well and anyone who factored anything other than option value into the price - need their heads read!
I am still keen on 105 - but there too - there are risks not yet 100% negated!
Then there was one.....
Good luck - we need it!
NEN Price at posting:
29.7¢ Sentiment: Hold Disclosure: Held