New management plan moving forward.
1. Refrain from investing in expensive dusters.
2. Cut admin costs.
3. Pay off debt
4. Examine the potential upside of Galoc field with a view to extending field to 2024 with incremental upside in production.
5. Pay a dividend
6. Cost analysis on development at WL, with a view to additional 2000 bopd, low cost phased in development.
Outcomes Production of initially 4000 to 5000 bopd, for the next 6 to 10 years with a natural decline of 10% per annum.
Send the oil to BCP TO FILL UP THERE REFINERY!
NDO Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
