It bounced off 12.5 cents with conviction, and my nervous disposition of last Friday has been completely quelled by the mighty bullish agm presentation and notes . The chart is very compelling . I cannot think of any other ASX oiler that will not be affected by the Resource Super Profit Tax (NDO is 100% non Australian resource) with such incredibly high levels of oil prospect . 11.5 Billion barrels, a 100% successful drill rate, production rates about to get increased and diversified, and management planning significant drilling programs . $4 price potential is amazing to hear from management . no wonder they have been buying shares .
Has to be a major standout opportunity for a rerate anytime now .
NDO Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
