Have to agree, positive AGM presentation.
Good to see some decent seismic lines. The balyena structure looks prospective and the butanding structure is I guess at the least 'interesting'. I'd assume the butanding structure has reasonable gas potential. Further to that theres a few 4 way dip closures in the targets which always bodes stronger.
Positive outlook but its just a shame the deal will be so diluted - if not NDO's potential was just enormous.
SC54 will more than likely have the best chance of success IMO.
Still prefer OEL at this point...
agm presentation, page-2
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