re: Ann: NIDO TO DRILL ESTIMATED 676 MMBBLS O...
However, it is easy to forget that this company has one of the single largest holdings of net acreage in the North West Palawan Basin at six million acres (the equivalent of 120 standard North Sea blocks).
It also has 2 very senior ex BHPB Oil Execs running this dog and poney show.
From what management have laid out and analysts have confirmed, 1900 bpd could become 5000 bpd soon.
At $80 oil price analysts calculated a NAV of 5.4c. Thats equivalent to NAB for industrial co. If you had a industrial co trading at half its asset backing, the market would be all over it. this co is expected to produce a EBIT of $32m. The current share price must be someones idea of a joke. I have seen oil and gas and mining companies trading with $300m mc and generating jack shit.
this is a free hit over the neighbour's fence for mine.
Excellent value and a hansome punt.
Flux
NDO Price at posting:
2.3¢ Sentiment: ST Buy Disclosure: Held
