"additional oil and gas prospectivity exists within the block, providing opportunities for further exploration"?
Thoughts?"
Quite possibly true, but whist ENI and even Kris have the financial resources to plan for the future, NEN, by virtue of it's lack of financial strength, will struggle to stay in the game. Don't forget that any future wells will, all things being equal, be funded in proportion to the participants respective interests from dollar one....unlike this time where NEN was effectively free carried for the first $25m (Block 105).
NEN Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
