at 300bbls/day all overheads in California and Perth are fully covered according to NC in his brr interview...
so if we can achieve 500bbls/day - this will start injecting some $ back into the co and should help the sp recover back to over 40c/share.
Stephen Hogan commented in ymyc the other day that his TA shows that NEN should be back over 40c in the short-term and should move to over 60c in the mid/longer term - this was prior to NC's brr chat.
looking forward to the sp continue bullish move on CA and rocket once Vietnam shows some positive finds.
NEN Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held