yes, as investors we all want to eliminate uncertainty, but maybe they don't know when they will secure a rig.
Do you really expect them to say "we don't know"? Sometimes details are not readily available.
I agree that the technical team needs a major overhaul. They have failed too many times.
- electrical delays not detected or revealed to market in time. - Laurel deepening - Nicolay overshoot - Gibb-Maitland rig stuff up.
The tail wags the dog and I am surprised this has been allowed to go on for this long.
It's just one thing after another. I can "almost" understand the 75% giveaway to COP for their technical expertise (we are yet to see the benefits), which was unnecessarily high. It should have been 50-50 like BRU's JV.
So commercially soft. Technically inept. GOod thing they have cash.
I'm sorry to talk this stock down. I was a very enthusiastic holder of NSE, but management have let themselves down.
NSE Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Not Held