So what value do you ascribe to the Californian assets, the ongoing value of Blocks 105 and 120, despite the failures of both to date? Do you believe the value of NEN's stake in both blocks is now zero, despite the encouraging data revealed? Are the Indonesian assets now worth nothing? The last knowledgeable recent opinion I read (most certainly not here!!) suggested NEN's cash reserves to be at around $11m. It's pointless to fight an uninformed market, particularly when the main aim on this forum seems to be to trade for a couple of pips. Whoopee Doo!!
NEN Price at posting:
5.6¢ Sentiment: Buy Disclosure: Not Held
