time to come clean?, page-11

I have sold out for the time being although I have to rate NDO as a LT buy because they are sitting on what looks like a terrific oilfield.

At the current price NDO may suit those LT investors who don't churn their portfolios around (like I do) and who can wait some months for problems to be ironed out and finance to be recalibrated (if necessary).

I get nervious when O&G companies go quiet on the issue of technical problems, particularly when cash is burning. NDO need to say they do have a problem or they don't have a problem or they might have a problem ... WHY...and what options they have for a fix (if one is actually needed).

Cheers, good luck and I hope to be back soon.