announcement/potential, page-2

Back in Jan, Southern Cross had KIK poised to hit 30c based on news frm Tindalo.

Here's the link to SCE's coverage on KIK.

For now, NDO seems well poised to break past its 52 weeek high of 22c, which was around mid-June '09. This was around the time they said that Galoc was commercial.

Fast fwd to June 2010, Galoc is still producing & NDO's share was 1950 bopd in Q1-2010 with news frm Tindalo due next week.

Mkt Cap: $205 mil, Debt: $28 mil, Cash: $17.1mil (in May)
EV: $215.8mil, 2P: 3.36 mmbbls (Net frm Galoc)

If all goes well with the weather, NDO should have healthy earnings in the 3 qtrs for 2010, thats what would interest any Insto, i.e How much cash is any organisation generating, how much is the burnout rate, besides their future prospects & debt? Given that NDO are not operating in Oz, they r in the clear frm the RSPT/PRRT issues, which can't b ignored in the current economic climate.

At Tindalo, the first million barrels or 100 days of production is net revenue to the JV, which should see them recover their costs within 7 weeks time.

With organ Stanley taking up 118.8 mil shares in NDO last week, we could see a turn around in NDO's fortunes as it charters thro' familiar territory once again. Obviously profit taking will occur as is the norm with major headline items, but the volume we saw last week came frm the Big Boys, so someone has been following NDO closely.

Anyway my point is, production frm Tindalo should bring in additional cash for Nido on top of Galoc, over the next 12 months & I hope Morgan Stanley stick around for the next cashcow at Yakal & drilling at Gindara.