SGC ‘s acquisition Doesn’t include all of NDO’s tenements.
SC14C1 which is the core asset of NDO producing 7500bod-NDO share 2000bod—let me think of SGC’s 2000boed producing target. 14C1 should has been sold
SC63 also not included, where shell farmed in.
But remaining tenements of NOD still unchanged, back to 4 years ago these tenements should be valued $40m of the $140m takeover deal.
Ann: SGC Acquires 6 Oil Discoveries in Philippines E&D Portfolio, page-62
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