Marsup, yes you have stirred up some thoughts so thought I might offer mine. I invested in NEN because of Ken's background and the fact that he had worked hard to secure a world class Offshore Vietnam gas permit that Bell Potter valued at $4.95 ( risked' ). Plus my research led me to believe that their Californian assets/cash flow would meet all outgoings while we waited for the big Vietnam drills. Well, silly me. It wasn't long before the USA assets developed all sorts of problems and blow me down they topped it off with a b. cash raising at about 30 cents. And then the resource market got the flu and they went all the way down to high teens.
I don't really mind all the above because I bought in for the drills which are right before us. It is exciting times.
I wonder how Ken is handling all this. Good luck Ken. You deserve success.... Marsup, thanks for generating this thread. Hopefully we can dodge the vitriol that can sometimes ruin a decent discussion.
Good luck holders. We have put the yards in.
As always, The drill bit does the talking.
NEN Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
