Ann: Service Contract 58 - Election to Drill Exte, page-13

re: Ann: Service Contract 58 - Election to Dr... Don't know why this annoucement upset a few holders who dumped, Phil came out at the last ATM and said nido would focus on developing multiple opportunities to achieve multiple cash flows to attract the investors, from memory he said the days of one hit wonders would be over, so I never expected them to drill or keep this block, let it go and move on to something achievable. I think the extension is nothing more than no one else wants it right now either so leave it be. Farm it down to 5% free carry who cares a little of something potential is better than a lot of nothing you can't drill anyway. Even if it is let go doesn't impact my valuation of nido and in fact would moreover it as it would show management might actually be developing some fiscal discipline.

Expect for maybe thier salary structures of course, better add that in before someone reminds me.