buy, page-5

Remember the net tangible assets of the company is around $16m (after writing off all those assets, and including a liability for drilling blow out of $23m), as per the annual accounts. NEN current market cap is $14m at 2.5 cents, so it could be argued that we certainly aren't cheap cheap even at these levels, and with so much uncertainty.

Those prop bids are getting filled, so that might become the fuel to drive it toweards 2.0 cents again as they stop out.

Unfortuantely last weeks updates all suggested real news is still some time off.

GL