Trotty, This is a high risk business. To take a mortgage out on an offshore drilling program is treading on thin ice. Particularly in this market.
However I applaud your courage. I mortgaged the house on an ASX oiler and it came off but that was an onshore bet. My wife says never again. Be careful out there.
ps My Middle name is my Mother's Maiden name. Trott. From Bermuda.
All the best to NEN shareholders. This is why we are in the oil game. "Educated' gamblers.
As always , the drill bit will do the talking.
NEN Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held