"Since PNOC has agreed with the "12 month" seismic inversion and Amplitude Versus Offset (AVO) project, and this project was just finished in DEC 2011, it's normal that PNOC will further extend the date of decision to drill for NDO. It's unlikely PNOC just gives NDO 11 days to make the decision. "
wow, this is a good news for us, we have another 12 month to get a farminee in to drill this 3 billion bbls prospect!
We have sufficient time to focus on SC63. Once we hit 50MMCF gas per day, maybe we donot need a farminee at all.
NDO Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held
