Excuse but I am extremely new to this stock and have done albeit no research. However, are they estimating 10 million barrells of oil at the Galoc Field of which Nido own 22%?
Could anyone enlighten me to the cash reserves and cash flows per qtr?
And if the above holds true, then surely at 9.6 cents this is a bargain with oil trading at 45 bucks a barrell.
Oil is in a trough at the moment, buying the right oil stocks looks attractive to me as does gold.
NDO Price at posting:
9.7¢ Sentiment: None Disclosure: Held
