60% interest in galoc..??

hi guys

just some further thoughts on recent announcements.

we've seen David surprise us in recent weeks with announcements from the left field ie: Cool Energy, Adding more staff to the team.

so what will be next..??

well this might or might not happen.

i get a strong feeling that Nido will become the operator of Galoc Oilfield and hold the majority of the share

something like 60%, i doubt it would be anymore than that.

because any other partner would also like a decent piece of the cake as well.

plus your looking at the development cost as well..

David already has a good team around him.

why then add another 4 people which have some great credentials...????

and as well you could also say, the timing is perfect because the next major event would be Galoc.

further more this current 22% will never see light of day.

David would have been pretty amazed when he saw 22% share for Nido.

Nido had effectively given the project away for nothing. David could manage it standing on his head.

60% of the approx 40mmbls=24mmbl for Nido (40mmbls might even be upgraded after appraisal drilling).

the above would blow the share price sky high.

comments welcomed

regards