Hey cgsfree, nice job mate. But I dont understand one thing.
Can you explain how you got the figures for NDO's share of oil production per day?
With Galoc's ~28% share and from early next year Tindalo's 60% share I estimate they should be pumping around ~11500 barrels per day considering they say Tindalo will be producing at the same rates as Galoc.
Have I grossly over estimated or not read your analysis correctly?
Cheers
updated financial model & valuation, page-6
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