"Our share price is low compared to its history but our de-risking of the company has come ahead in leaps and bounds particularly over the past six months, which hasn't been reflected in the share price I don't think. We've got Galoc on-line, made two discoveries and are moving those forward into development next year and we've got a huge exploration portfolio which we have been told is the envy of several of the majors. All of that adds up to us being in a fairly vulnerable position.""
It is quite possible one of their prospective JV partners may already be lining them up as a predator. After all, they would have had close access to the seismic data
NDO Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
