Even a well that is declared commercial usually gets Plugged and Abandoned. For example Ss may be P & A as well today, but will bounce back, just like our share price.
Just a few thoughts for all to ponder:- What if we had the full 15m pay zone consisting of oil and not the 5m as discovered?? Also ...IMHO.. looks like we have a 12Km long oil field! Hey just look at the seismic diagrams. I am no oil expert but we were so close to possibly being commercial!
Happy New year to all.
NEN Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held