TSXV:ART.H - Post by User
Comment by
Atonon Oct 12, 2011 11:28am
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Post# 19141196
RE: RE: NIKO "..cost of all operations going forwa
RE: RE: NIKO "..cost of all operations going forwaHello Swiss Time, I´m not saying that Vast hasn´t got issues, but I think that the share suffered far more than it should.
As I understand the releases Niko will carry all Vast-costs forward for the drilling of block, and thats a very positive point thats not in the share price. Secondly Niko are positive about the plan going forward, and are already planning for the next well, in the presentation today Nikos CEO told us that they missed 2 out of 3 zones, and the could not get to the bottom of the first zone, drill 2 will probably get better results, personally I would have been more surprised if they got it right the first time, nobody else have. This is a perfect time to get in cheap and wait to drill number 2 in 2012.