NEN 0.00% 22.0¢ neon capital ltd

Ok folks,Lets look to what we know and what is supposition.I...

  1. 971 Posts.
    Ok folks,
    Lets look to what we know and what is supposition.
    I spoke with NEN and this is where things are at.
    There have been two typhoons through the areas that we are drilling or going to drill to. I understand that this has led to 4 episodes of staff being removed from the rig/s which of course means a further delay of two weeks at least for 105. When you shut down and then restart time is lost not to mention the actuall down time. However, this does not alter the gas reserves, it's still there.
    I also understand that the spudding of 120 is imminent.
    For 105 the typhoons have delayed progress on the side tracking, however I understand that it is underway again.
    Unfortunately the weather which cannot be controlled is interfering with the drilling and you cannot criticise the rig operator for removing their staff.
    I said a long time ago patience is what is needed otherwise you will be financially worse off for he lack of it.
 
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