Fridays announcement was spectacular (although you wouldn't...

Fridays announcement was spectacular (although you wouldn't think it by the SP movement....... yet). SC54 has potentially billions of BOE sitting there - this could be one of the most prolific new oil fairways in the world. The majors will (are taking?) take notice. BOE estimate numbers on the 65 targets will be coming out in the coming months. Assuming an average of 1 in 10 drills hitting oil this area (Palawan) has 6 or 7 commercial fields in it. Using the stike average for Palawan to date it has 30 odd! There is 5 years of expaltory driling just to get across the targets. Now is the time to retake old positions in Nido if you have sold because of the waiting. Now is the time if are "new" to Nido also. When the market wakes up to what Nido (and Yilgarn) have here the SP will not be under $1.00. For those downbeats on the AGM think twice about not going - take the time to DYOR and talk to someone who knows anything about oil exploration. The time has come. These two sisters (NDO, YGL) will be the oil plays of 2007 IMO.