hard to fathom

I find it hard to understand why we had almost no movement today, the market is a strange place. Perhaps we need to wait until the oil starts to flow, but this is truly good news.

The likely outcome, even if exactly to pre-drill expectations is that NDO will have production of somewhere circa 2700 BOPD, or $ 290,000 USD per day, close to 25 million every quarter, with very little added production cost. Even if running cost etc was 80% of production we would still have positive cash flow of some $ 20 mill a year, a pe/ratio of 10, puts MV at $ 200 mill or 9c a share.

IMHO