irynka, most of your points are subjective, which is fair enough if you truly believe them, however on point 4, as Salty says. It is quite wrong.
GPC is the operator, and it is up to them to make the oil happen, whereas NDO have a share of the Galoc field. That is, the real estate itself, SC14, and the oil extracted from it.
The GPC remit - As Operator, GPC is responsible for the operations undertaken on behalf of the joint venture partners of SC14-C. This includes engineering, planning, budgeting and operation of field to internationally accepted industry standards, and reporting to the DOE. GPC is also responsible, in conjunction with the DOE, for liaison with other stakeholders, and public announcements.
Rather than go on and dismantle some of your subjective views in the other points mentioned, perhaps we might leave it that Nido are in a healthy financial position
NDO Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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