Fair enough, all duly noted but anyone know the inground value of POO? Say , $10 per barrel. 10 x 20,000,000 ,(west Linipacan) plus , if phase 2 goes off ok then the numbers are enticing for NDO just on that. OEL is yet to find those quantities and Nido hopefully will have those numbers confirmed without even getting a drill wet. Sticking my neck out here saying that with those two a value of 23 cents for Nido isn't out of the question. Obviously the market will see it differently but maybe mr 20% doesn't.
financing galoc phase #2 ?, page-17
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