Not that I trust the new BoD in any way, shape or form but this halt could be for a variety of reasons.
Is it something to do with the failed Vietnam partners, although I would have thought that was all done and dusted.
Is it to do with pulling out of the offshore WA block?
Is it to do with the cancelled seismic survey of that block?
Are some of the old board coming back to haunt them over payouts?
Sadly whatever the answer is the poor shareholders are unlikely to see any value adding. I hope I am proved well and truly wrong for all the small shareholders sakes.
NEN Price at posting:
2.9¢ Sentiment: Sell Disclosure: Not Held