ALL BS aside bottom line is this- OIL and GAS exploration is a risky business, few pay off big time, most crumble and fall to dust.
Noone is to blame here,(except the past baseless rampers who mysteriously have vanished into thin air????) come back please and explain yourselves.... directors gave it a great shot,directors have done their level best in a difficult industry, they thought they were on to a winner in Vietnam given all reports and seismics etc, but in the end it was not to be.
Where to from here is anyones guess, but management wil need to lay the cards on the table to try and stem the bleeding.
By that i mean available cash, costings of the duster wells, and plans moving forward.Management renumerations possibly should be looked at too i think.
NEN Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
