drilling report 25th oct, page-10

My take on NSE's current status is this:

NSE inadvertently miscommunication two weeks ago that that they had encountered likely higher TOC shales in the mid-upper Goldwyer, when in fact they were already drilling in the mid-lower Goldwyer. They additional limestone in shales was most likely the upper Willara.

NSE is now going to the additional expense of drilling sidewall cores to test the upper Goldwyer they missed. Now what will this find? Is there a possibility of wet gasses here? Bearing in mind the hierarchy was oil/wet gas/dry gas. However the fact that no traces of wet gas recorded mudlogs metres at this point makes it probably unlikely.

However I have to say there is still a bit of a lack of clarity about what is going on. This has probably contributed additionally to the share price decline, another factor probably being the additional expense of drilling and delays etc. I am hoping miscommunication will be remedied today with a clear and definitive statement of the status.