"Cargo number 24 from the Galoc oil fi eld was lifted on 1...

"Cargo number 24 from the Galoc oil fi eld was lifted on 1 October 2011 totalling 341,073 bbls gross (78,035 bbls net to Nido). Proceeds from cargo 24 are expected to be received in November 2011."

In Q3, there was 136,000 bbls net to NDO, suppose 2/3 in Q4=90657bbls, plus the above 78,035 bbls, I work out in current quarter there are total 170,000 bbls net to NDO for sell.

170,000 * 100/bbl = $17 million -8 million cost =$9 million cash increase, so I reckon NDO should have $22-24 million cash on hand. circa 2c/share.

By the end of year, I expect the forthcoming news flow as:

1, SC 63 3D seismic results >1 TCF

Aboabo structure could potentially contain > 1.0 Trillion Cubic Feet of gas in-place, three exciting new prospects > 1 billion bbls.

2, SC 58--Seismic inversion work results > 2 billion bbls

"the Balyena and Butanding prospects (gross estimated mean hydrocarbons in place (unrisked) of more than 2 billion barrels oil equivalent), is progressing on time and should be completed by the end of the year"

3, SC 54 b--Pawikan 2D Seismic results >2 billion bbls

"Pawikan Lead could potentially contain about 2 billion barrels of oil in place (gross, unrisked mean volume)."

Is 3.9c too cheap for NDO, especially when WHN is 6c?

What NDO actually needs is only a broker's report to soar back to 7.5c--the fair value imv.