looking good, page-13

Long way to go before we have a commercial find.

However, that's not relevant right now.
If the Goldwater had a proven commercial well the SP would be 1bill plus IMO. Right now we just need to prove the shales have the qualities needed. Indications of commerciality.

Mclarty has that but the market wants it today and In the areas Nse is drilling, before it will have confidence I the program.

This coring and analysis will derisk the prospectivity but not bring it to commerciality. So instead of being 1billion in MC it might take it up to about 400m.

That might hit the 1.25 target one of the research notes has on Nse.
IMO only a renewed interest sector wide will push Nse north of 1 dollar at least until the next phase of the program commences.

It will be interesting to see if Nse decides with CP to drill anothe three wells for coring and analysis or one horizontal frack program.

Not sure what will determine the direction but I'd like to see them do a horizontal drill and frack If th results are good enough. Maybe nicolay will be the one :)