arttse
You have partly based your upgraded NDO target on 'upcoming positive announcements in the North Sea'. Would you mind expanding on this?
I understand from some earlier posts that UK gas prices are likely to be in for a decent rise, which would clearly make any gas discoveries in NDO's blocks a lot more valuable. As well, from memory hasn't previous drilling on 47/a or 47/b already found gas is present (albeit when prices were heaps lower than now). For some reason the figure of a possible 200Bcfg sticks in my mind. If that is so, at today's prices those blocks would be worth a tidy sum indeed for NDO's 50% share.
I'd appreciate any insights you might have to share.
brokers valuation, page-2
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88.5¢ |
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Mkt cap ! $201.8M | |||
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