re: News: Nido Petroleum focussed on Palawan ... Well , yeah. It's the same question I asked after the good oil presentation. Where's all the money coming from? Partners would have to be one of the keys but the way the market is , it's treating NDO like it's expecting a cap raising. Even with partners they would have to give up too much percentage to get any sort of free carry. And he's talking expansion outside the Philipines. Must be Hoodini.
Great potential and sc16c sounds a goer and imagine how much that would pull in for NDO but I think they need to clarify how it's all going to be funded.
News: Nido Petroleum focussed on Palawan Basin , page-10
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Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
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| 1 | 14 | 85.5¢ |
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| Price($) | Vol. | No. |
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| 89.0¢ | 2584 | 2 |
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