RE:RomaniaThere are 2 reasons that companies drill. To make money near term and to hold blocks. It's taken years for NIS Petrol to get to this point. I believe that they will drill at least some of the 4 blocks to hold them. They could always target natural gas instead of oil.
Maybe they won't drill all 4 blocks. Seriously doubt that NIS walks away from all 4 though. They got an office in Timis. They've already hired people as I've posted links to show. They have the money in their capital budget already. Of course people will doubt the above. Stock will get a serious pop when the actually spud that first well or even when EW puts more info on what prosects they've identified in their presentation and a firm timeline.
In any case EW has a 10 mil market cap, 8 mil in cash and 350 boepd production already at Cheal North. Success at Romania is not exactly priced in.