Century's contract was terminated due to poor performance and lack of confidence in them from NSE and COP.
No oil or large gas shows have been found yet.
Insinuating that: - The rig was sabotaged - Oil/wet gas had been encountered before the stuck drill bit - NSE is hiding info from the market is all wild speculation (and potentially illegal on NSE’s behalf) with no factual evidence to back it up.
The facts are: - NSE have not proved up anything commercial yet - NSE are in an excellent SPECULATIVE position - We currently do not have a drilling contractor and have had no indication about when we might get one - Market sentiment is extremely negative
Until we have an announcement telling the market the proposed way forward, the market will continue to punish the stock regardless of how prospective our tenements may be.
NSE Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
