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Yes there are plenty of targets some of which are quite big but...

  1. 396 Posts.
    Yes there are plenty of targets some of which are quite big but this is unlikely in itself going to send the share up in multiples straight away. You need the lure of the drill bit to do that. And Whitby was talking about Q03 next year subject to rigg availability for first major drill. Well IMO you can safely add 6 months to that on NDO's history. Also talk of drilling the shallow reef targets is again just talk as NDO haven't shown an inkling of being able to carry this out. No doubt the length of time to generate cashflow from galoc has been a problem and perhaps this will speed up the process rapidly but after following NDO for so long its hard not be a little pessimistic. Also I agree with Raks and Salty that KIK have the experience and the contacts to make things happen but to me the wheels spin slowly in the junior oiler sector. Will get there in the end though.
 
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