Ozzie,
Probably to risky if you weigh in abandonment cost's and contingency for Disaster/ Accident cost's (sure to be part or mostly covered by some form of insurance) but then again?
What I would like to know is how much percentage do we pay for this failed well? Are we still paying 20% or do we just 10%? Will Aboabo be the next target?
One thing is for sure our highly paid MD has some very big decision's to make in the mid term..... i.e SC58, FID's for WL and any further exploration drills in Indonesia outside the 4 committed.
the last sentence on page 15 from the latest Investor Presentation say's it all....
"Current share price underpinned by Galoc production, with little recognition for West Linapacan A development or near term exploration drilling potential."
http://present.knowledgevision.com/...A_Nido_Investor_Presentation_October_2013.pdf
Cheers
nzrugby
Ozzie, Probably to risky if you weigh in abandonment cost's and...
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