Precisely, more scare tactics selected accordingly. The risks are identical for whoever owns NDO...BCP or mum and dad shareholders.
One thing is certain in my mind though, if BCP manage to acquire NDO, they'll more than likely let SC58 lapse. I cannot see a company like this spending those sort of exploration dollars, and in 9 years NDO and PNOC have still not been able to come up with a farmin partner for it. The BCP focus will be West Linapacan A development, and Galoc North exploration.
I'm undecided on what their stance on SC54A would be, because we know the oil is there, but there could be expensive development problems....on the other hand, Yakal and some of the others could behave more like Nido and Matinloc which have been producing for years...you don't really know until you suck it, so you should plan for the worst....NDO didn't with Tindalo.
SC63????....another well due in 12 months, but they've already had a shot at probably it's best bet on nearology...whereto now?
NDO Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
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