I remember holding shares in NDO when they held those licenses and the main issue with the large prospects was getting a large partner and avoiding Chinese harassment in the further out areas. Much of the potential unfortunately also goes out into the disputed waters. Hence they couldn’t get a large partner to fund drills.
The potential is massive and the redevelopments are good low risk opportunities. Though not with out risk as Ndo experienced with Tindalo. The unexpected high water cut was due to vugs/fractures communicating with the water table.
BILLION BARREL BONANZA, page-353
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