As I have said before there is some good stuf in some of the old data and prtesentations.
4 way closure, 97sq Km is big. The only thing we do not know is the interval. I suspect that there are significant pockets in the 97sq Km and I wonder if this is the resource kitchen given the areal size of this area and that it is 4.0Ma and Lead 4. Couple with this, it is Cau Lo it looks as though it stacks up.
Cannacord spruiking 14Tcf, they have some reputational risk in putting this to the market and as we all know Brokers are not in the habit in coming out with this sort of thing on a placement if it is not substantiated.
As far as a placement goes I agree instutions and soph investors. I am quite comfortable that this will not occur until we have some verticle price movement on S/P and that will translate into a substantial announcement. I know Nen are anxious to get an announcement out.
NEN Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
