Not sure I subscribe to the theory that a company will never find O&G on the basis they have hit dusters in the past... each to their own I guess.
Given that the average success ratio of exploration O&G drilling is generally accepted as between 1:6-1:10. NSE having clocked up 3 dusters out of 3.5 wells doesn't concern me in the slightest. part of th O&G game.
NSE Price at posting:
15.0¢ Sentiment: None Disclosure: Held