Smart move by NDO in my opinion holding out on a farm-in partner. It allows them to:
- demonstrate Galoc is back in business and NDO can afford to meet ongoing operational commitments associated with retaining higher equity stakes in the deep water permits;
- shows they are not in a panic/distressed situation (aka OEL and BHPB - coincidence OEL farmed out within 5 days of Galoc going down? I don't think so!) and so can negotiate from a position of strength;
- for those in the know, deep water water rig rates are about to drop dramatically - waiting increases the liklihood that an extra well can be included for the same level of equity farmed out.
Is there a better opportunity in the E&P sector if the upside comes in? If so - please send PM, I want to get on it.
IMHO the low is in - in all likelihood permanently. For those who can't wait for a recovery in the SP, please continue to sell at distressed prices to those that can.
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Last
65.5¢ |
Change
0.005(0.77%) |
Mkt cap ! $149.0M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 65.0¢ | $33.38K | 49.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 21369 | 65.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.0¢ | 10088 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11369 | 0.655 |
1 | 4689 | 0.650 |
1 | 10000 | 0.645 |
4 | 33649 | 0.640 |
1 | 39370 | 0.635 |
Price($) | Vol. | No. |
---|---|---|
0.670 | 23057 | 3 |
0.675 | 22 | 2 |
0.680 | 19432 | 1 |
0.685 | 7686 | 1 |
0.820 | 29695 | 2 |
Last trade - 15.32pm 10/07/2025 (20 minute delay) ? |
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NDO (ASX) Chart |