Can you please share a link to the interview? I agree it smells...

Can you please share a link to the interview? I agree it smells a bit funny when you have management saying one thing but doing another.

NES has a big land package so having two rigs means they can potentially have them working in tandem at different targets. To the extent they are under-utilised they can potentially dry or wet lease them out to other explorers as well, though I don’t think we’ll see that as they have plenty of work to do.

I didn’t expect the first or second rig acquisition but like that NES’ management are trying a different approach. It shows a willingness to think outside the box. I first bought into NES by acquiring rights on market to their last cap raise, which was a renounceable rights issue at $0.04 with a 1 for 2 free attaching NESOA option. I’ve never seen a CR structured that way at this end of the market, which is what piqued my interest as it’s a very equitable way to raise equity for retail shareholders where the norm is for retailers to get shafted on placements.

NES has been a great trade so far, if they raise again I’ll be participating if I get access.