look far ahead, page-3

Having looked at NDO chart, is very similar to FAR:

NDO - Recently drop from 15.5c to 9.5c before announced drilling failed (Around 1/3 off before failed)

FAR - Recently drop from 12.5c to 8.2c before announce
drilling failed (Around 1/3 off before failed)

NDO - Drilling failed Dropped from 9.5c to 5.6 first day, then dropped to 4.1c second day.

FAR - Drilling failed Dropped from 8.2c to 4.1 first day, then
bounced to 4.7 but closed 4.1 second day.

NDO - THIRD DAY, bounced +24% to 5.1c

FAR - THIRD DAY, next monday +24% to 5.1c?? LIKELY

NDO - TWO WEEKS late, climbed to 7c
THREE WEEKS late, fetched to 8.2c +100% recovered

FAR - TWO WEEKS and THREE WEEKS late, may 7c or 8c???

NDO - cash backing 0.7c

FAR - cash backing 2.57c

The other factor may need to consider NDO is oil producer, june quarter got positive cash flow of $3m.