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.
BigglesI too have been an investor/trader in NDO for many years,...
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88.0¢ |
Change
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Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 88.0¢ | 83.0¢ | $2.385K | 2.711K |
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| No. | Vol. | Price($) |
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| 2 | 45839 | 83.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 8460 | 3 |
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