I find it hard to understand why we had almost no movement today, the market is a strange place. Perhaps we need to wait until the oil starts to flow, but this is truly good news.
The likely outcome, even if exactly to pre-drill expectations is that NDO will have production of somewhere circa 2700 BOPD, or $ 290,000 USD per day, close to 25 million every quarter, with very little added production cost. Even if running cost etc was 80% of production we would still have positive cash flow of some $ 20 mill a year, a pe/ratio of 10, puts MV at $ 200 mill or 9c a share.
IMHO
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Last
66.5¢ |
Change
-0.005(0.75%) |
Mkt cap ! $151.3M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.0¢ | 66.5¢ | $60.98K | 91.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23882 | 66.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.0¢ | 172 | 1 |
View Market Depth
| Last trade - 15.59pm 16/07/2025 (20 minute delay) ? |
| NDO (ASX) Chart |