NDO 0.67% 75.5¢ nido education limited

baragatan-1 well to be re-spudded nido petrole, page-22

  1. 2,363 Posts.
    ok, taking a punt it wont be an issue

    I'm back in at 3.4

    downside, ?? at 70m mc and over 2000 bopd?

    upside, !!

    Now markets being irrational, wouldnt suprise me to see 3.2c low, but i'm not going to risk it on establishing A position.

    Upside my view is that an oil find and 20% free carry would see us double at least.

    Nice to have in terms of reserves increase, but the real value with be West L redevelop, and diversify our cash cows.
    And lower risk exposure on a single milker.
 
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