director sells at 14c, page-23

"Surely he doesnt consider it a possibility that Tindalo could come in with less than the most likely recoverable range ?" - nice one, not so enlightened (but consistent)down-ramping as per usual.

Given DW's earlier shared views he has come across as nothing but positive. Sure patience is becoming tested by those with a limited wait'n'see view - for one, I'm very happy DW needed some added cash as my pay-day proceeds were just applied at 14c.


Surely we don't expect non-exec. directors never to sell?



FYI (no news on the NDO site) except:

"In a fleeting instant, we find ourselves deep into the second month of 2010. It is probably an indication of the work being done in the Company that we hardly noticed January pass us by. We released the Quarterly Report for the last quarter of 2009 and that showed a healthier cash balance compared to the previous quarter and year-end 2008. It also summarized the milestones achieved so far on the Tindalo Project. Since the end of the year more progress has been made and we continue to push ourselves to bring the project within the stated schedule. On the exploration side of things, we have the SC58 seabed coring program coming up in March and we are well into the processing of the 3D seismic data acquired over SC63. And finally, amid the recent activity in the Philippine oil patch, we continue to progress discussions with companies interested to farm in to our acreage. The holidays intervened in this process but we have picked up from where we left off and continue to engage with oil companies". Jocot de Dios 9 February 2010