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........
NDO Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
