NDO 1.16% 87.0¢ nido education limited

cap raising within 10 weeks ?, page-13

  1. 1,012 Posts.
    That is the one Strat...

    The note at the bottom explains that they are assumed working interests after farm-out hence the slight discrepancy with SC54b where they kept 33% instead of 35%.

    As you can see they didn't plan on farming down in SC54A any further (retaining the full 42.4% that they currently have).

    58 and 63 are both currently 50% if I am not mistaken so you can infer that NDO planned to farm down 40% of its interest in SC58 prior to drilling (due deepwater / high cost) and that they planned to retain the full working interest in SC63 (two wells but retaining 50%).

    If they manage a 2:1 promote on SC58 that should be a 4 well carry...

    p1000
 
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