could 2012 be our year?

Could 2012 be a turning point for NDO?

Some positives for now are;

We have recruited 2 very experience men in the Oil & Gas industry.

Should have circa $25,000,00.00 at end of fourth Qtr assuming the 25 lift prior disconnection for the FPSO upgrade is near a full tanker & is sold with proceeds received this Qtr.

Odds are probably in NDO's favour of striking oil in SC63..... with such big prospects i.e Aboabo,
Sub-Phase 3 commitment well with a 50% interest with PNOC

Currently cash flow positive.. however with the committed expenditure for the commitment wells that must be drilled to keep WI's for Service Contracts 54A, 54B, 58 & 63 NDO will be cash strapped again in no time. I asume NDO will have to farm out some of it's interest in lieu of cash.

Just 1 oil Strike and........