Sav-J,
in relation to your comments about dilution, farming out a major share, etc. I suspect this reflects Nido's often stated desire to have a 'statistically significant' exploration program.
That is, rather than a major farming in for just one well, they want them to farm in for a program of wells, with Nido have a significant carry on each of them, but also contributing.
The 'statistically significant' progam is a way to provide a much higher chance of success than a single-shot program on each license area.
Cheers
OG
agm presentation, page-15
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 86.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 66599 | 1 |
View Market Depth
| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
Day chart unavailable