Hi 62strat,
"Looks like the seller doesn't want to unload any more at this level."
Current SP, 4 or 4.1c is only 1/3 of the fair value 12c/s.
I found NDO is significantly undervalued expecially compared with any other ASX listed energy stock. If anyone can find another stock to compare, plz let me know I would be very pleased.
The Galoc oil field-22.8% = Usd$32-35+ million (refer to OEL deal)
Cash on hand = $20 million
Already=$52-55Million
Already = 4c/share.
So the market values the following
"the significant potential value in NDO exploration portfolio – which has the potential to hold up to 24 billion barrels of oil equivalent (gross mean hydrocarbons in place, unrisked)"
AS ZERO!
2 billion bbls prospect AS ZERO
3 billion bbls prospect AS ZERO
45MMbbl prospect AS ZERO
66MMbbl prospect AS ZERO
1TCF+ gas prospect AS ZERO
re-development oil field which has produced 8MMbbl before
AS ZERO.
JV with Philippine National Petrol company
AS ZERO.
Another 2 wells development programm
AS ZERO
Galoc stage II --could be larger than Galoc itself
AS ZERO
I will write another post to explain why NDO's fair value is 12c, but to be honest, I would rather buy more shares at current SP level.
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Last
88.0¢ |
Change
0.025(2.92%) |
Mkt cap ! $200.7M |
Open | High | Low | Value | Volume |
88.0¢ | 88.0¢ | 88.0¢ | $1 | 1 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 18330 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.860 |
2 | 21499 | 0.855 |
1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 18330 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
1.100 | 100000 | 1 |
Last trade - 15.45pm 16/07/2024 (20 minute delay) ? |
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