One thing I'll give you Stilts is that the database thing was always IMHO BS, and it will be interesting to see if KC finally drops it from his mantra - which has been a bore for many years.
As if NEN has a (useful!) data base better than the majors, and if they did - why has Kris been so much more aggressive in acquistions than NEN?? Maybe they do have a lot of data - but is it of any use?? I doubt it.
I think it is safe to say that "marketing" tool needs to be dropped to save further embarrassment to all concerned!!
However - this will only hit single figures if the test on 105 fails - and my feeling (and obviously the markets) is that it is still a good bet.
My prediction - sub 10c on failed test - plus 50c on a successful test!! Up to 30% CO2 acceptable. Rates over and above 40mmcfpd acceptable. Hang in there....
NEN Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
