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California dreaming to pay off for undervalued junior

HAVING completed a successful oil and gas drilling program in the energy-hungry Californian market, Australian junior Nuenco NL is planning to monetise its South East Lost Hills finds and tackle North Yolumne-1, targeting a potentially 100 million barrel prospect.

California dreaming to pay off for undervalued junior

Currently trading at under 4 cents on the ASX, Nuenco (NEO) was actually worth between 6.2 cents and 11.6 cents per share with a weighted average of 7.4 cents, analyst Aegis said in a December report that...

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