So the strategy is to find cashed up partners for the Palawan. Pretty tough in the next yr or so. I would have thought management is going to use the production cash to buy some producing fields in another country or area, thereby adding more future cash flow. The strategy of finding small pools of oil in the ocean is puzzling me, when there are like 10 prospects of oil of 50m barrels recoverable. Im sure that drilling one of the deeper blocks would have cost about the same as two shallower blocks. Unfortunately its a big find that will lift the interest of oil companies to return to the palawan area, not small finds. Should have done a lot more research into ndo before buying, hopeful management strategy works, have my doubts now
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So the strategy is to find cashed up partners for the Palawan....
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86.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 86.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.5¢ | 2472 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10 | 0.865 |
1 | 2 | 0.860 |
1 | 2 | 0.855 |
2 | 1240 | 0.850 |
2 | 15060 | 0.830 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 15000 | 1 |
0.940 | 2000 | 1 |
0.950 | 6000 | 1 |
0.970 | 10000 | 1 |
0.990 | 5000 | 1 |
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