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0.67% 75.5¢ nido education limited

MerleWest Linapacan (22.28%)Reserves 18.2mmblsHistory 8.5mmbbls...

  1. Harry3539
    1,671 Posts.
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    22/05/14
    16:11
    Post #: 13402073
    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)
    NDO Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.005(0.67%) 		Mkt cap ! $188.1M
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