Figured it was time to take a look at RMA HK - found them a little closer to home... http://rma.cloudsites.net.au/Home.aspx
Planned initial production 15,000 barrels per day (“bopd”) in 18 months with full field development (FFD) projected 35,000 bopd...
Total JV NPV in excess of $1 billion with RMA’s share exceeding $300 million...
40MMBO remaining reserves of oil (2P+2C or ‘most likely’ by reputable independent expert report)...
New reservoir simulation indicates OOIP of 215 MMbbls+ for the discovered reservoirs, inclusive of Galoc Clastic Unit, Intermediate and Linapacan Limestones... certification report to be issued in June 2013.
NDO Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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