They burn through it GC. Those interested should take a peek at Otto's qrtly out today. From what I can gather from that Nidos production (net) has dropped below 2000bopd, but I note the production chart seems to be slightly trending up with Otto still saying Galoc life extended out until 2020,(Does this mean they have shut the valve a little to extend the life or at current?) at what rate by then 2020 is another matter and they make this reference
"• Currently evaluating options for further exploration, appraisal and incremental development at the Galoc field" Incremental is word they haven't used there before.
In any case I would like to see Nido now after the Bara duster try and pick up another revenue stream . IMO
NDO Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
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