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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »