Wang, the terms were announced several months ago. No surprises there bar the farm in partner. Did anyone tip ENI?
I think there were a few investors/traders waiting for this announcement to sell the news. It's just a shame that the last two announcements came at a time when the market is comatose. In a normal market we would have seen a much better outcome.
We've got plenty of good press and some spec buy recommendations. You'd think once the market starts to return to normal and the oil price picks itself up off the canvas we'll start to see some real gains.
I'm in for the long haul on this one.
NEN Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held