re: Ann: Gibb Maitland No.1 Weekly Drilling U...
Stockrocker -- Why leave now at 27c price.They have cash backing 20c and COP are funding a 3 year $119 Mio exploration of this permit for NSE.This is for a SHALE exploration play not exclusively an oil play which will take 1-3 years to to prove up. Its not a quick oil play at the moment but there is always the posability. NSE are only picking up costs over $13 Mio per well,I think thats a great deal over the longer time frame and allows them to focus on their other good assets I.M.O.
NSE Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
