NDO 1.81% 84.5¢ nido education limited

Timing can't be ahead of the 24th in any case... they need the...

  1. 1,012 Posts.
    Timing can't be ahead of the 24th in any case... they need the "forgiveness" resolution before a CR.

    If they want to chance the outcome of G-1 they'd be able to wait another 6 months, can affort G-1 easily, it is the next well that might be a strech (especially if there are more/stronger typhoons (and given recent history who wants to be betting on the weather - just check your insurance renewal...)).

    Conservative option is to take another $10 million after spud (due AGM timing) but before entering the reservoir. That is a pretty tight window but that is what I'd be thinking (obviously insiders have more info on farm-out progress etc - which would influence the call).

    Anyway, not long now... fingers crossed

    p1000
 
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