yakal and tindalo in sc54, page-18

OPT

Good one mate. Just a suggestion, to further improve the fin modelling, check out Hartleys report, think its on either STX or CVN's website. Gives u the scenarios etc.

As for NDO, once u reach the value per field in SC-54 or all prospects, bring the no. of shares on issue into the equation. U've already included cash on hand.

Recently they did a valuation on some of the junior stks exploring in Thailand, Oman, Texas & our own backyard. Notable omission was NDO. I believe its a very simple fin model they have. I say simple, because in their qtrly preso's they've hinted that production from Galoc will pay back their costs in 100 days. They havent actually added much value from their other assets. Now with the good results from Y-1 & a similar sort of run from T-1, the equation will change for good.

One thing I am vary about the oil patch is, finding oil is good, but bringing it online at the earliest on a trouble free basis more rewarding & this is rewarding for shareholders & the companies future plans.

Its quite hillarious, when u watch Fox Biz channel & someone calls up about NDO & the analysts have no clue to this company, simply b'coz its not drilling in our backwaters & they consider it risky drilling overseas (most commonly used excuse for lack of fundamental research). I hope people take notice when Shell or Exxon or another heavy, sign up soon.

cheers