financing galoc phase #2 ?, page-9

"Interesting to note the divergence between oel and ndo share price ithe recent weeks and months it appears on paper oel is the better bet in terms of near term galoc phase 2 and exploration upside. Looks as though rig to drill galoc will be a bit later on site than previously specified."

Not entirely sure about that. I would consider NDO better value in that respect at the moment given the market caps. OEL only has around 10% more of Galoc than NDO but market cap of around 45% more. All other projects aside of course. But if NDO can sure up the reserves certificate for West Linipacan and comes in at around 22mil barrels net to NDO then the scales will be tipping even further in Nidos way. Obviously if OEL does well at cinco and onshore Philipines then that will change , but having it confirmed in the ground is a long way from a "x" percentage drill.
FYI, according to Diamond website http://www.diamondoffshore.com/fleet-overview

Ocean patriot not due into Singapore until Mid April.