Interesting reaction of the market for NSE after the announcement.
Nicolay #1 result doesn't sound overly promising. But by the same token it doesn't rule out the Goldwyer formation as a dud and there's testing and two more wells to go so I thought it was a bit of an over-reaction by the market.
It appeared to take a bit longer for the negative sentiment on the NSE announcement to spill over onto trading in KEY although you can clearly see on the chart the selling that dropped our share price from 3.1c to 2.9c or 6.5% just after 3:30pm.
We still have Cyrene #1 and Waugh #1 to drill in the coming months.
Interesting reaction of the market for NSE after the...
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