Thanks Anatol for the great work.Could someone enlighten me of...

Thanks Anatol for the great work.

Could someone enlighten me of the follwing queries:

1. What is the est TCF and MMBOE that NSE is targeting at Goldwyer formation?

2. Cost of extracting oil from unconventional vs conventional?

3. If NSE hit wet gas - what is the value we can expect on 1st day of trading. I'm thinking gapping up by say 60% (say 80c drop down to mid 70's before resuming uptrend towards $1).

4. If NSE did not hit wet gas - what value can we expect? Not to downramp but based on another oil stock in East Africa (PCL) anything could happen.

The last week presentation is probably one of the most informative with pics of various units within Goldwyer layer - albeit NSE is drilling towards the sth of the basin. I think the risk of not hitting hydrocarbon is quite remote.

Share price is dribbling down as ppl start to question that NSE should now hit the top of Goldwyer formation - Nita formation should now be hit and any hydrocarbon shown - that's my view.


cheers
pcyc