Who mentioned $35m dollars, and how many targets are there in SC63? (currently 3 on seismic)...exploration drilling or development drilling ...huge difference in costs...cannot see a major giving anybody a free carry of 20% across the board on an estimated 512MMbbls OIIP so far identified as most likely case.
Granted, available seismic only covers 31% of SC63's acreage, but that's NDO's bargaining problem, or a majors bargaining power.
Don't forget also, that a retained % and free carried % of that can be two different things.
As always, we'll just have to wait and see what deal/s is/are struck.
service contract 63 , page-5
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
91.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $207.5M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 91.0¢ | 89.5¢ | $21.45K | 23.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
| NDO (ASX) Chart |