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NSE - New Standard Energy

66c seems possible from here to complete the H&S. DB formed today.
 

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Short term valuation seems to be bearish. (barchart.com)
Got some today at 60.5 early today, should have stuck to my initial 57.5 c buy price as it dropped to a low of 57 c today.
 
They have identified multi tcf, in-place conventional and unconventional gas resources which could be tested by a multi-well program in 2013 - an estimated value of ~A$0.35ps if drilling is successful.

However the near-term driver of share price will be the outcome of the Goldwyer Project Phase-1 three well exploration program in the Canning Basin which is expected to start in July 2012.

One would expect a rally leading into this...
 
This morning it's moved to 20c.
It will be interesting to see if it pushes through the 52 week high of 23c. We will see what it can do from there.
This week should be interesting.
 
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