bhp, shell eye stake in philippine energy proj, page-20

I feel that NDO are in a good position to weather the storm.
Fortunately for NIDO they raised cash at 50c a share, if they had not done so at that time they would be under already.
Now that they have some cash flow to pay the bills I think NDO' share price can only head north on good new such as oil price improving etc.

Anything else like farm outs etc would be a great bonus!
The only thing I don’t like about NDO is the 1 bill shares on issue . and to justify $1.00 per share then their market cap would have to be a Billion dollars. Not likely now that markets are looking for fundamentals to revalue stocks.

With the latest discovery I thing NIDO are set for a good future . Share price is way under valued which I hope is only temporary due to the speculators driving down the oil price.

Remember there is still a world shortage of oil and these prices are unsustainable.

I am a one of those investors that held on waiting for that historic announcement of first oil, I should have sold at .60 or so and now bought back in at these ridiculous prices.

Good luck to you all

Chass