9940, Whilst I agree with your comment about what is important to ENI and Nen regarding disclosure may vary, Nen does have reporting obligations under the ASX. In discussion with NEN a couple of weeks ago this was defined and flow rates will be included in the announcement (it is a material part of the announcement) with concentrations. Regarding CO2, I am very confident that this and or a high concentration of CO2 is a non-event. Afterall 105 is an analouge of DF 13-2 and if it has been officially stated at about 8% - I bet it is lower than that. The kick that occured, again I am very confident that this kick was as a result of entering zone 4 which was about 100 meters above where it should have been. If we make an assumption that zone 4 is 100 meters above where it was believed to be, think about the depth of zone 4, as zones 4 & 5 are the largest zones in this spud. The greatest CoS has been proven as ENI has had gas confirmed on 4 of the 5 zones. With zone 5 although not confirmed as I write, will come in. 5 out of 5, I will take that every day of the week.
NEN Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held