NDO 0.00% 72.5¢ nido education limited

lets assume they don't get 90%+, page-17

  1. 6,352 Posts.
    lightbulb Created with Sketch. 62
    Re whether the BCP TO price is fair or not...

    Risco are paying OEL ~USD32/brl for remaining Galoc 2P reserves

    If you assign USD32/brl to NDO's Galoc reserves you get
    2.3mmbbls x USD32 = USD73.6m

    Undeveloped reserves at WL, lets say USD9/brl
    3.2mmbbls x USD9 = USD28.8m

    Total USD102.4m or AUD 113.7m which is what BCP for NDO are paying at 5.5cps.

    Fair or not ?
 
watchlist Created with Sketch. Add NDO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.