NDO 2.92% 88.0¢ nido education limited

galoc nth, page-16

  1. 4,578 Posts.
    Ozgem,
    the following are JV partners for Galoc..

    Otto 33.00%

    Risco Energy 26.84%


    Nido Petroleum 22.88%

    Philodrill 7.21%

    Oriental Petroleum 7.79%

    Forum Energy 2.28%

    Estimated cost for Galoc nth is $20 million. (Nido's share $4.5 million approx) Risco cost would be somewhere over $5 million.. You would think these guys should have the funds.. Or maybe it's one of the smaller JV partners that's causing a delay?
 
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