I hope that updated siesmic is an upgrade. Last time management...

I hope that updated siesmic is an upgrade. Last time management made it clear they didnt want to release data as it was not in the companys best intetests. Why the change of tune ? Let's hope is uncontrollable excitement about upgrades in reserves.

Vietnam is the prospect that can demand attention from instos and the ones in it already are waiting for Vietnam. All other assets just minimize risk with cash flows that should hopefully reduce the need for capital raisings, a valid argument untill late last year.

Here's an article that shows ENI's confidence in the region as recent progress up to date. Rig contract might spark some buying but time will tell. And the good part is everyone that has a beef with management can relax with some hope that ENI is in the driver seat.



http://www.rigzone.com/news/oil_gas/a/124727/Petrovietnam_Eni_Pen_Pact_for_Unconventional_Energy_Exploration


I'm not budging untill Vietnam draws near, however, as the ASX climbs so to does the opportunity cost of being in Nen. Nothing changes the fact that the All ords are up over 20% and Nen down 40% year on year. So to make a decent return for holders that got in over 40 cents there's a looong way to go.

Gottsy if they did admit to reading the forums I honestly don't know if that is a good thing. Surely they have more productive things to do. As shareholders there are other avenues to voice concern where management can listen. But hey, if they didnt I guess complaints would pile on the management don't care list.

As a side note, for me personally I want management to put some money where their mouth is as well by either buying shares in the company or sacrificing larger chunks of salaries for shares. Every inspirational management team has done so, Ken should do the same. This isn't a trivial issue, it can grow market confidence and give an extra incentive to management to perform.

Iv crossed fingers, toes and would cross any other part of my anatomy in hope of a few good announcements over the next couple of months.