Now if recoverable volumes range between 10-25% of the Total Oil in Place dependant on the quality of the resovoirs and well management processes when production is achieved then NDO would be materially re-rated.
The issue will be if development is to go ahead then we should expect action on capital management. With a busy schedule ahead then we should expect plenty of action on this front.
NDO Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
