North Sea Energy - Norfolk success central to upside
Feb 07th 2013 - Edison Investment Research today published a report on North Sea Energy entitled "Norfolk Success Central To Upside". In summary, the report says:
North Sea Energy (NSE) is a high-impact exploration play, with the Norfolk prospect central to its value proposition. Even heavily risked (16% chance of success), we model it could be worth 17-42c per share over a range of resource estimates. We await the announcement of a drill location on Norfolk and potentially a resource upgrade in Q113 following seismic work, both of which would be significant catalysts ahead of drilling, potentially in H114. Seismic work on Badger (H113) could aid in a drill decision and farm-out of the prospect.
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