You do realise that if NEN were to trade between 1-1.5c it would have a market cap between $5-$8m.
Are you for real? You do realise that they are producing from NSA at around 20,000 barrels a quarter earning them over $2m? That's over $8m a year alone.
Let's say cash is a problem after Vietnam. How much do you think they will need? The answer is not much as it's not like they have anything of substance coming up in the near future so it's not likely to be too dilutionary.
They will simply bunker down and will look to sell or sell down assets IMO.
NEN Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
