hi diatribe
""i hope nido doesnt turn into fido""
have some patience.
Nido will turn into a greyhound
This trip will be a 2-4years, many shareholders will make buckets of money.
imo Galoc oilfield will have a minimum 20mmbls after the appraisal wells are completed.
you'll be looking at something like 12,000bpd from 2 producing wells..
which i'm hoping Nido will have a 50% interest, which would mean approx 6,000bpd for Nido. doesn't that make your mouth water..
this could even increase over time, if they have further wells. perhaps 3-5 producing wells at a rate of 6,000bpd per well....
then add the others assests...
give this company a minimum 2years, and shareholders will be rolling in $$$$$$$$$....
when the Galoc deal is completed, this will hit the ground running like a greyhound with a rocket up it's behind.
but as usual, you must always trade carefully...
regards
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