NDO 0.00% 88.5¢ nido education limited

interest att spozzie and shakespeare, page-6

  1. 1,104 Posts.
    Sav-J

    I take your post and would add that you have not included the debt of 50% and farmout would more than likely be 50% as well:

    So:

    11.6 billion barrell mean resource which mind you is UOIIP

    35% recovery rate = 4.06 billion barrells, and

    they only have 50% of the package = 2.03 billion barrels

    50% debt = 1.01 bill barrels

    a farmout of 50% being a MAJOR interest leaves them 50% of .5 billion barrells = 500 million barrells.

    I think you need to re-look at your calcs as you have double dipped on the 50% ownership but neglected the debt and I have included a conservative and realistic farmout.

    Happy to be proven incorrect:)
 
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