NDO 0.67% 75.5¢ nido education limited

Unless they have huge oil shows in the bottom section, I think...

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  1. 739 Posts.
    Unless they have huge oil shows in the bottom section, I think it will take sometime even after drilling is complete to find out if Bara is commercial success. IMHO Results are most likely inconclusive, that's a guess.

    It seems like there is something present in the secondary target, but not confirmed, the lack of an update on the progress of the primary target suggests that drilling is difficult and problems may have been encountered.

    I think they have technical issue that maybe for good reasons, although the market sentiment doesn't reflect that yet.

    But the lack of reporting is frustrating but not necessarily negative!

    As Oz has pointed out there are potentially some really positive things coming up on the horizon over the next few months and a commercial discovery at Bara, which might take sometime to confirm(need advice on that how long the process may take).

    Looking good but not great! Think we will find out soon enough, its a long wait!

    Giddy Up!
 
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