I think by the way that we should swap names. i work in mental health and they say that you need to be mad to do so. My long-suffering wife will also tell you that I'm mad as a meat axe.
Back to the topic: indeed the declining production of AWE don't look promising. their prospects of hitting some serious oil again are significant. They have the cash to do plenty of exploring, without having to knock on our doors to get more. The story is pretty much the same for NZO.
That's why I invested in both: slightly smaller holding than my usual packages.
I would be surprised if no oil gets discovered later this year, which should do wonders for the sp of both companies.
AWE Price at posting:
$2.45 Sentiment: Hold Disclosure: Held
