Does it really matter if one of the US based Insto decides to take cash in or take his bat & head home!!
Fundamentals are pretty strong for NDO, so don't let the odd tree-shaking bother u.
Let's just revisit the fundamentals or triggers:
- Price of oil is still up over US$70/bbls.
- NDO's '09 avg oil sales price was A$72.7/bbl & in '08 sales were at A$47.26/bbl.
- NDO should have a steady revenue frm Galoc for Q1-10.
- The AD arrives on site & work on Tindalo-1 to commence soon.
- First million bbls produced during the EWT is direct cash (no royalty 2b paid to the P'ines govt).
- The borehole image I posted over the w'end, indicates
oil is present in the well over a 120-144m column.
If thats not enough, u could ring up FOX BIZ's YMYC 2nite at 8pm & ask the 'Experts' on the panel if they know much abt NDO. They wouldnt have the slightest of clues simply b'coz,
- Of its low SP/mkt cap &
- Producing assets in Phillipines or
- Exxon's deepwater discovery or Shells Malampaya field production figures or
- Tax incentives on offer frm the P'ines govt to operators.
- or What a jackup rig/FSO/umblical set-up looks up!!
Nope, they dont really need to know all of the above, rightly enough they r called bankers!!
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there goes the run now back to 13 cents, page-9
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Open | High | Low | Value | Volume |
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1 | 55739 | 0.850 |
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1 | 40500 | 0.800 |
Price($) | Vol. | No. |
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0.880 | 66599 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
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