"I thought they had about $18m in the bank? Or were these wells not completely free carried? "
Corporate, I only started looking at this stock today, but as I understand it, the wells were only carried to a capped cost. Apparently there were cost over runs so NEN will need to contribute for their share of the over runs.
From what I've read so far, no one can really substantiate how much they're up for.
NEN Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
