Where did you get these numbers?
"they sold off 10% of an estimated 200mmbbls OIP (=9mmbbls recoverable @ 45%)for AUD$8.5m, ie, a bit less than $1/bbl."
If I look up the september 11 announcement, I see that Tindalo is mentioned there as 11 million barrels proved and probable.
10% of 11 million barrrels is 1,1 million barrels at a price of A 8,5 million. This means that Trafigura pays something like A$8 per barrel.
Seems like a reasonable price, assuming that their experience will help Nido with the development.
ann out!!!, page-34
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