North Sea Energy - Unlocking the upside
Sep 20th 2012 - Edison Investment Research today published a report on North Sea Energy entitled "Unlocking The Upside". In summary, the report says:
With the release of a new independent economic report valuing its two primary assets, Norfolk and Badger, at US$525m on a net un-risked basis, North Sea Energy is demonstrating that it is obtaining a clearer picture of the potential value in its portfolio. Our immediate focus remains on the high-impact Norfolk exploration well, expected in Q413/H114, which drives our overall valuation.Beyond this, the farm-out of Badger, possibly inQ412, could provide further newsflow and investor upside.
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 »
