Nice one.... so good you should all read it twice !" The overall...

Nice one.

... so good you should all read it twice !



" The overall market has had a major decline with sentiment at very low levels.
Nido is weathering the financial storm amongst a very jumpy market and is in fact doing well alongside so called blue chips.
There has been delays due to predominantly weather as in typhoons which have also been obviously out of Nido control. Yes there has been some other factors causing delays however it has turned out that the production co was better finding some of the other issues with corrosion now rather than whilst in production - quite lucky really!
They are drilling holes and having great results but you cant expect the SP to go too crazy when realistically it will take another couple of years till Nido sees the money.
Nido has the acreage and is in the final stages of collating expressions of interest from majors which may be out in the news as early as November.( that is when the SP will move )
In the meantime Nido has a 22% stake or influence in a cash cow and they invested 30 million into it. They are fair dinkum.
There looks like another typhoon to the North. The oil is not going anywhere and maybe the oil price will gain in the next coulpe of weeks. "