NDO 0.67% 75.5¢ nido education limited

baragatan-1 well to be re-spudded nido petrole, page-25

  1. 1,671 Posts.
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    Merle

    West Linapacan (22.28%)
    Reserves 18.2mmbls
    History 8.5mmbbls with terminal water ingress
    Development $230m (3 holes with 6 laterals)
    Re-entry still some risk there on the old H2O

    Baragatan (20%)
    Recoverable oil 115mmbls (not reserves)
    History Albion Head-1 results
    Development less than WL with only one hole

    Immediate effect on 3.3c s.p. with Baragatan results (maybe dramatic either way). WL booked reserves had no real effect on s.p. (maybe regarded as too far away)
 
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