Yes starts. And it still amazes me those scratching their heads...

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ozgem

8,598 Posts.

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02/07/14

16:31

Post #: 13601904
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Originally posted by 62strat ↑

"Since the last update on 23 June 2014, continuing formation pressure and unstable well bore conditions in the 8 ½” hole section required the setting of the 7” liner at 2,356 meters MD (2,109 meters TVD sub-sea)"

Phil said we were going to be advised with an update as each casing point was reached. Forward well plan had the 7" casing being set at 3,137m MD with a 6" liner contingency for a greater depth...see AGM preso.

If the plan was changed "mid-flight" because of down hole conditions and necessitated the 7" liner being set at 2,356m MD (instead of 3,137m MD), why wasn't the market updated with information that the 7" CP had to be set prematurely due to down hole conditions??? The point is, the 7" CP had been reached.

Seeing as the 7" liner has already been run and cemented and waited for a set, then the shoe drilled out, and I take it that a leak-off formation test would have been run before drilling ahead particularly due to the conditions, it is safe to say that the 7" CP was reached some days ago.
Even if it was decided to case with the 7" prematurely, the mkt should have been advised of the CP seeing as that is what they promised...imo!

Allowing this info to go un-promulgated and then have selling/buying activity as per today is nothing short of contempt by mgmt for the ordinary s/holders.
I suppose it could even be argued that we still wouldn't have been advised of anything except for Shakin's email request for a mkt update due to the state of unrest by the "natives"!!

Once again, I make the request that mgmt include the top 20 s/holder list in each Qtly report so as to keep all s/holders advised.
If it's good enough for Otto, why is it not good enough for Nido...are mgmt ashamed of the register??

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Yes starts. And it still amazes me those scratching their heads wondering why we are at 3cents. The answer to that is staring them in the face.

NDO Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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