The last statement released stated NEN will make an announcement when the 9 5/8" casing is being run... Thats above the primary target! So no announcement means the well is still in the upper formations, PERIOD.
FYI Coring which is typically performed in these situations or in any situation where the operator wants to develop a better geological understanding can be a very time consuming task. 100m could take over a week, its highly specific to each well.
Given the weather and resulting sea state, it could be a waiting game.
We know nothing except for the next announcement will come when the 9 5/8" casing is run, so the rest is unsubstantiated speculation.
Voicing opinion and rumour does not substantiate an investment case. So I'd appreciate it if this thread kept to the facts as released to the market and people kept there speculative opinions to themselves.
NEN Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
