i think ndo would want to wait until they have drilled sc63,...

i think ndo would want to wait until they have drilled sc63, with pos 50%, good odds to increase their MC considerable with success.

then they might get a more favouable merged equity of the new vehicle??

but, if SC63 flowed 50mmcfd drilled on old 2d seizmics 30 year ago, now with better seizmics in hand, targeting deeper water, bigger targets, would make a great development asset for the combined company to bring into production, as the second cow in the herd to milk well.

What sets NDO and OEL apart from the market? is their positive cash flow, and no debt. No more digging into our pockets.