Just started watching this stock, it would appear that everyone is righting this off, over a cost over run, with what I can read, the original cost of the wells was capped at $45 mill, anything over this the company has to fork up its share (25%) if the over run was by a massive 50% that would be 22.5 mill @ 25% = 5.6 million if 100% that would be $45 mill @ 25% 10 mill, they have 9 mill in the bank, and producing assets, can't they just borrow on production or do a Cr, surely their not going bust, are they?
NEN Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
