NDO 1.16% 87.0¢ nido education limited

That is the one Strat...The note at the bottom explains that...

  1. 1,012 Posts.
    That is the one Strat...

    The note at the bottom explains that they are assumed working interests after farm-out hence the slight discrepancy with SC54b where they kept 33% instead of 35%.

    As you can see they didn't plan on farming down in SC54A any further (retaining the full 42.4% that they currently have).

    58 and 63 are both currently 50% if I am not mistaken so you can infer that NDO planned to farm down 40% of its interest in SC58 prior to drilling (due deepwater / high cost) and that they planned to retain the full working interest in SC63 (two wells but retaining 50%).

    If they manage a 2:1 promote on SC58 that should be a 4 well carry...

    p1000
 
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