NDO 0.00% 75.0¢ nido education limited

What a sad follow through response that was today. I'm sick of...

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  1. 8,598 Posts.
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    What a sad follow through response that was today. I'm sick of wondering what it will take to get anyone excited about this company. I wouldn't worry about cost niu. Up to 25million covered as starts has said and even if there is an overrun which based on percentage wise , rig costs approx 175k a day so Nido with their 10%!! would only be up for 17.5k a day or if all things were right we would be up for 20% , 35K a day + a few extras no doubt but with our cash flow, easy peasy. I'm still wondering how they come up with the total sum of 115ml barrels recoverable. Is it the sum of all the anticipated traps or just some of with the very best being the all the sum of. Which is over 260ml barrels from memory. My point is, if they haven't found anything commercial in the secondary(we don't know that yet of course) will this come off the 115mil barrels and we are left with a possible recoverable smaller. It seems to me the scenario playing out here will most likely be there will be no great gushers with T/H but more a case of , reached TD and will analyse what we have found or not and get back to you in a few weeks/months with the results. Hope I'm wrong on that one as we need something to really kick start things in a big way. Phils OS at the moment so I really hope he is knocking down the DOE's door asking for that other 10% to be signed off before TD. All IMO only of course.
 
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