Looks good.
Last thing on Tuesday night, when most companies sneak in some bad news they forlornly hope will not be noticed, NIDO PETROLEUM (ASX:NDO) announced a bonanza.
It said that after several large seismic surveys its deepwater prospects and leads inventory in the NW Palawan Basin in the Philippines had oil-in-place potential of 11.6 billion barrels.
The shares shot up 17c to 52.5c and closed at 50c.
Now let's see ... 11.6 billion barrels times $100 a barrel (hey, we're being conservative) divided by Nido's one billion shares equals ... gulp! ... $1,160 a share.
Nido is looking for partners.
from the ferret
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31927 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 33206 | 1 |
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