warning...oil may fall to $20, page-24

hi malman

"1) i think main reason why i'm so bullish is Nido have first class management. Umm if you don't pick this as your main reason when buying a stock then IMO you're starting behind the 8ball"

Comment: Is this the Management that you bagged long and loud last year? Some here will recall the "shame Whitby Shame' posts.

"2) one producing well at this point being Galoc Oil Field approx 14,000bopd at present, Nido's Net oil from that well approx 3,500bopd X $45bbl = Gross $158K per day. over time they should be able to ramp that up too 20,000bopd."

Comment: Galoc is a field , not a 'well'. Galoc 3 and 4 will never "ramp up to 20,000bopd" ... simple petro-physics.....imo

"every respectable person in the OILPATCH knows oil price will be well above $100bbl in the near future".

Comment: 'Near future" ... disagree.

3) "The Oracle" just venting their anger out on Nido because of previous losses on another share.

Comment: Childish

SALTY