Why did NXS Management (and its bankers) bail when the results of the production test were not complete?
Now that it is complete and Basker-6A flows at near 13,000 bopd, what were they thinking in their decision? To me it seems premature!
I keep coming back to the fact it has nothing to do with the reserves but the fact the NXS bankers pulled the plug because THEY DO NOT UNDERSTAND THE BUSINESS OF OIL AND GAS.
This was a fantastic production test result (of which a number of companies are surely taking note)!!
I look forward to July 2008 when both BPT and AZA benefit from this extra oil production.
Cheers
AZA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
