Why the production testing bs? Was there any basis of evidence to support the testing? Such a quick affirmative decision to test further. Seems like a rather elaborate ploy for a shitte outcome. Leads me to think that all jv partners could not have been in the know! i.e. how could all jv partners knowingly signed off on previous (glowing) announcements. Were NEN management being fed a line by the operator/rig?
Well, that's me done for NEN, O&Gs and for Hotcopper - Im cutting my (crippling) losses and retiring from thread.
NEN Price at posting:
7.1¢ Sentiment: Sell Disclosure: Not Held