Ann: Transforming New Standard Energy , page-181

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  1. 23,253 Posts.
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    Simple fact is that there is risk with all Wells drilled...true... Some more risky than others that others...

    NFE have drilled two wells in the Canning for effectively naught... High Risk Wildcat wells ... Drilling EFS within reasonable close proximity to producing wells is a quantum leap in terms of less risk... Until the 2 new January EFS wells are drilled and (and the 2 Q4 Wells) neither you nor I will know for sure what rate the wells will flow at ... But it is a much higher probability that they will flow economically than what we have done in the Canning or doing elsewhere in WA.

    Unsurprisingly, I tend to trust the judgement of the MGMT team who have a closer view of the detail than your opinion and the anecdotal evidence you've provided...strangely enough!. Best of luck with your decision on whether to hold or sell. But if you do sell I'm happy acquire them... So ,Ive spent enough time today on this already so this is my last post for the time being.



 
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