NGE nge capital limited

commitment to drilling - clarification

  1. 306 Posts.
    I just want to clarify something.

    On many occasions on posts it has been suggested that NGE have indicated that they will drill a hole by end of calender 2009. It was my expectation that they would just located a drill for next year.

    I have just read through the Chairmans address again and wanted confirmation of what it actually says because it seems somewhat different to the expectations of many.

    Specifically it says "we are endeavouring to commit to a drill clot by year end" and "based on that committment a well should commence late first quarter/second quarter in 2010"

    So the next announcement outside of a much anticipated farm in on 267 should really just be saying they have secured a spot in line for next years drilling schedule.

    Is that correct or had they previously announced that they woudl be drilling by year end?

 
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