There has been a lot of time wasted. They could have done things better.
For instance, why not start your drilling campaign with the most prospective part of the Goldwyer (in the east)instead of the least prospective...and then work your way west towards the least prospective areas?
That just didn't make any sense to me whatsoever.
Especially when you consider their comment that the first well CONFIRMED their geological modelling of the Goldwyer i.e. that it was more prospective on the east, than the west.
That IMO was very poor.
Having said all of that, NSE should at the very least be a 100m company right now. Perhaps when they start on Condon-1 they will get the catalyst they need to push it up further.
NSE Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Not Held
