Good point Strat - I was being lazy and going back to some year...

Good point Strat - I was being lazy and going back to some year old data...

My main concern now is retaining the acreage that is due to be drilled - the 5 wells are not because NDO feel like drilling, most of them are commitment wells (i.e. drill or drop).

Gindara development is not a huge concern - it will be well down the track and if NDO keep 10% once in production the share price will be measured in dollars not cents.

As I said on the KIK thread, I think that the KIK raising will be closely followed by signing the rig for Gindara - possibly as soon as the end of next week.

NDO (I believe) have the funds to be able to sign and give the required guarantees etc but I still believe that there will be a CR ahead of spud of Gindara. No way that they can fund the 5 wells without it and prudent to manage risk by raising ahead of Gindara (just lost the company if G-1 is dry and no cash on hand...).

p1000