re: just curious. agent.agree your diffidence abou
Artse,
I love your enthusiasm. In my own mind Galoc is factored in. I can not see drilling in either Sc 54 or 58 until Nido, and their partners, have a chance to look over the seismics and come up with a with a drill target. Drill rigs take a lot of time to order after that so my estimate of 2008. The Encore deal will not amount to much. If encore doubled, Nido's share would be worth around 12 million AUD or less than 2 cents a share. There has been no news about WL. Again the waiting time for a drilling rig once a decision has been made. Same delay for ROD. Area 1 has not been awarded. Once it has, they have to start from scratch with seismics before a decision then the rig again. Again I am still confident in the long term. I love the 'smart' money and Nido has bought many positive surprises in the past. Keep up the great work with your research.
Best of luck to all.
Retyred
NDO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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