NDO 3.13% 85.3¢ nido education limited

Re whether the BCP TO price is fair or not... Risco are paying...

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    Re whether the BCP TO price is fair or not...

    Risco are paying OEL ~USD32/brl for remaining Galoc 2P reserves

    If you assign USD32/brl to NDO's Galoc reserves you get
    2.3mmbbls x USD32 = USD73.6m

    Undeveloped reserves at WL, lets say USD9/brl
    3.2mmbbls x USD9 = USD28.8m

    Total USD102.4m or AUD 113.7m which is what BCP for NDO are paying at 5.5cps.

    Fair or not ?
 
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