Well unless they negotiated another deal (and there's been no ann on that), the right to increase the NDO WI in the Gurita PSC up to 20% expired at the completion of the running of the 13-3/8" casing point on Gobi.
So 10% of 24mmbbls estimated resource potential is around 2.4mmbbls to NDO...unless it's bigger than what they initially estimated, but that's what they'll be logging for now.
At Ronstieb's estimate of US$9/bbl undeveloped, that would add circa an extra 1.05 cents to the previous t/o offer price of 5.5c, so around 6.55 cents should be a new t/o benchmark.. .if OIIP estimates are matched.
IMO.
NDO Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
