"NGE is well advanced in the approval process for the well and has recieved the required permit from the Department of Petroleum and Energy for construction of the proposed well site. NGE is now organising required equipment and materials for the drilling program, which is expected to commence during early second quarter 2010 and to be completed by late June 2010.
Once the drilling contract is executed, a definitive timetable will be announced at that time. "
from the 17 feb release.
This qtr should also see the results of the seismic work currently being carried out and one would expect the final Govt approval for the Talisman j/v.
several catalysts for a significant rerate imo
recent strong volume indicates that deep pockets see the potential for significant sp appreciation here
NGE Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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