At the end of the day I don't see any need to rush a sale of Paloma or Farm In at less than favourable terms.
I'm of the opinion given the facts we have now that Vietnam will turn out to be a great score for NEN
On that basis we can just sit on Paloma until extraction technology makes the oil that we now know is down there easier and more profitable to extract.
IMO Ken would be of the same opinion and thats why he might be happy to ignore low ball farmin offers for Paloma, giving shareholders the long term benefits of Paloma rather than short term liquidity gains
NEN Price at posting:
33.0¢ Sentiment: LT Buy Disclosure: Held