Biggles
I too have been an investor/trader in NDO for many years, 6+.
In September of 2013 the company released this statement
NIDO BOOKS WEST LINAPACAN A RESERVES. They booked 1P (proven)
reserves net to NDO 1.94 mmstd barrels, I see the word proven. One should remember that this field was discovered and was producing for 4 years from 1992 to 1996,and produced 8 mmbo before being shut in, this is a discovered oil field not an exploration.
This was a commercial field but was only closed down due to the price of oil at the time.
Proven reserves do have a value and can be sold.
This is not speculation this is fact.
Ann: Appendix 3B , page-25
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