re: announcement.. Interesting to see NDO held price on friday after majority of oil stox fell including Elixir (North sea blocks.)
From announcement will be interesting to see how management "generate funds to carry through technical tasks". This may impact sp short term. Positive impact on sp will come when "taps are turned up" at Nido and Matiniloc. This should be fairly quickly as management state "sense of urgency" (in a positive way).
Real SP action will come when barrels start being filled from Galoc. This is the "company making" defining moment for NIDO as management stated in announcement. In any case shareholders should be pretty happy as most with medium to long term views when new management took over are looking at sp appreciation of 100% or more. Good luck NIDO.
Do your own research, see below.
it must be an after hours report, page-37
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