stayhere; just a quick response as im really strapped for time at the moment.
In response to your question, I prefer OEL at the moment for numerous reasons;
a) Capital Structure, NDO too much dilution as it is and im surprised they're asking shareholders for more.
b) OEL will receive a much larger percentage share of tender packages they will be offering in comparison to NDO. NDO has a laughable overall percentage.
As one example - say SC55 for OEL, drilling next year could hold a mean 3.5 billion barrells. OEL has an 85% interest in the field. Say they farm out 35% and hold the remaning 50%. That gives them access to about 1.5 bilion barrells - and 35% recovery is 520 million barrells.
The 520 million barrells in the 1 target NET to OEL, is equal to the assumed NET resource NDO is receiving from its WHOLE tender package, calculated on its announced mean resource.
c) OEL too, hold a significant interest in Galoc
d) The turkey drilling program is proving very successful, gas costs at the gate there are around $7.00 mcf as opposed to australias $3.00. Close to the gas network, and will provide substantial bolstered revenues to add to add to an aggressive drilling campaign.
Theres other reasons aswell but I have to run...will be back later in the week.
- Forums
- ASX - By Stock
- agm presentation
stayhere; just a quick response as im really strapped for time...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NDO (ASX) to my watchlist
|
|||||
Last
88.0¢ |
Change
0.050(6.02%) |
Mkt cap ! $200.7M |
Open | High | Low | Value | Volume |
83.0¢ | 88.0¢ | 83.0¢ | $2.385K | 2.711K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 7297 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 0.830 |
1 | 2001 | 0.815 |
2 | 2588 | 0.800 |
1 | 5000 | 0.780 |
2 | 26000 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 7297 | 2 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 100000 | 1 |
1.090 | 50000 | 1 |
Last trade - 11.29am 23/08/2024 (20 minute delay) ? |
NDO (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online