Ann: Tindalo Operations Update , page-15

not the best announcement but did anyone really expect anything else? P1000 was on the money from day one. Well done!

fact is they are still producing 16-18k of fluid/day which equates to 4000-5000bopd. This makes us still profitable. sure we are paying $250K/day for rig etc but the days we are not flowing get added to the 100 day EWT.

i dont see this as a bad thing as long as they can do the remediation work and get it right we are still sitting sweet. cash is not an issue for Nido at the moment and if the work will be done within 1 month time we will still be looking good.

lets just hope they get the work done right this time.