Hi All,
A lot of backwards looking on NDO ATM. Howabout we all put in some input and thought on the direction over the next month??
I know that Gindarra is a 1billion barrel prospect, etc etc, and it is fantastic that we are drilling shortly.
What I would like to know is what exactly are the risks drilling this prospect. From a layperson's perspective, if there are a possible billion barrels down there it should be easy to hit paydirt shouldn't it?
I have heard that NDO have stated about a 50% chance of success here - what exactly can go wrong to produce the bad 50% part of the outcome??
And what exactly should "SHELLDO" (read I'm hoping to god they have some input) be preparing to mitigate this risk?
now for some forward looking...
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Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $194.9M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 85.0¢ | $96.28K | 113.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 29650 | 1 |
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| Last trade - 15.00pm 11/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |