"A quick bit of maths based on OEL's report for what Nido can epect as revenue from Galoc.
Lift no 26 netted 325,546 bps
Nido's share is 22.88% = 74,485 bps
74,485bp sold at $113.00USD = $8,416,796.50USD
Nido should have cash on hand for End of second Qtr of approx $18,000,000.00"
Nzrugby,
How did you come to that $18,000,000
As I have NDO with slight cash burn..
Cash at end of last Q = $13,290,000
Est next Q (this Q) =$ 9,909,000
Revenue this Q =$ 8,416,796
=$11,797,000 approx
galoc production, page-3
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