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.
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