They spend it like its going out of fashion Oz, but 2 of the main projects Galoc and Indo drills have been paid for pretty much. IMO
Interesting to see what Bara will cost us? Do you have a figure for that? Does it depend on whether we have 10 or 20%.
Had a look at the production profiles from OEL Quarterly report and noticed there was quite a bit of time done due to well allocation, which would have influenced total production figure but the decline rate has flattened off on the graph at about 8500 bopd or there abouts.
Last qtrs cash sales for NIDO was $24million, admin costs at 1.5million and production about 6.5 million.
This qtr might see sales down to $20 million and presume other costs at 1.5 and 6.5, leaves about 10 to 12 over.
Would really like to see a second producing asset also.
Then go get WL up and running in a profitable manner.
NDO Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
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