Its within the Laurel formation which is almost entirely owned by BRU. NSE will be fine. They hold a packet of BRU shares and have further wells to be drilled. If I was holding I would sit tight while the monkeys run for the hills. Each to their own though with their decisions.
There is plenty of work ongoing to support the current SP..plus I don't believe BRU will be staying 3 bucks. Ungani North drilling should begin next week. If it is positive it will aid in the recovery of the NSE share price as they move towards their next drill location.
NSE Price at posting:
37.0¢ Sentiment: Hold Disclosure: Not Held
