first zone penetration today, page-5

For what its worth I also agree with your previous post to an extent.

What I would say however, is that NEN has made an extraordinary amount of its IP and database available to the public. So what may appear as derisking, could just be transparency. We talked about this earlier on NEN threads, but its hard to distinguish what nearby operators have done to derisk their wells based on what has been distributed publicily/privately.

I am a long-term investor. While vietnam is important and I am excited about it, it doesnt impact my holding decision unless it reasches valuation. If is turns out to be worthless, it still doesnt impact my holdings decision. To cut a long story short, in the next 12-months the following is easily achievable (conservative):
1. 350bopd from NSA (latest indication is that we are doing this now)
2. 300bopd from Glau
3. 300bopd from PV

=90000bbl/q or 360000bbl/y at a margin of $60/bbl.
=$21M NPAT
=0.045EPS
=implies SP of $0.45 (on 10x PE multiple).

All this stuff is flying completely under the radar.