I don't think it's a mess. It could have been better in that it was oil and not shale oil. Unfortunately you have to spend money to find this out. If 105 pans out everthing changes for Nen what it wants to do with Paloma. There is about 2800 acres of shale oil offering a huge return. As I recall 1 well every 15 acres returning 300,000boe. I have the view that Paloma will come into it's own and this will happen sooner with success in Vietnam. There are other assets that are producing etc., and there have been challanges that management have worked through. So anyone saying it is a mess I believe is not looking at the assets in the USA as a whole.
NEN Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
