friday on my mind, page-5

Just for something to do.
Possible cost of well to nido.
Let say total cost is 25 million.
Shell pay 18.75m
6.25m remaining
less shell to credit 2.5m in past seismic costs
3.75m in costs to ndo and kik.
60% to nido - 40% to kik
Total cost to Nido $2.25m (based on 25mill costs)
Effectively the cost of will be 9% approx to Nido

7.6m in cash
3.1m in debt ayable by sept
Plus 2 loads of oil from galoc at end of Q2

Yes it will affect their other potential targets if they have a duster.
Wont be the end of Nido though IMO

How about they just bring out a good report so we can stop thinking about the downside. Go you good thing!