I had posted on this forum about 4 weeks ago that we would not get results from the workover until such time as kik has had a chance to do another rights issue.
That seems inevitable now as prudence would dictate that they would raise money before workover results and not after workover results (in case things went pear shape).
So for the poor nido shareholders you will need to wait a little longer.
By the way, I recommend holders to do their maths at different flow rates. I don't think they are going to come out with the high flow rate upfront. They may start with a lower flow rate and then build it up. In these times it is easy to manipulate a share price so coming out with an initial flow rate of 5000 bbls/day is a possibility.
Good luck holders and yes I am still waiting on the sidelines until such time as there is more news.
NDO Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
