Have a look at this pdf. Hopefully it will help answer some questions raised before.
www.ccop.or.th/epf/philippines/basin_pdf/SW.../Stratigraphy.pdf
I think that we have a good point to raise with management and whether they have a dividend policy with in a capital management policy. Though at this point I think that they have their hands full with current plans with WL investment due in coming months/weeks, baragatan? and Galoc North. It's not until there is a sustained cash flow profile or excess capital that a dividend would be paid, plus not to mention the amount of shares on the market would make payments multiples of 0.1C per share. Plus costs to do this.
NDO Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held