ndo good buying opportunity, page-9

Ferrari,

How much oil is CUE currently producing pa.?

I find their web site very unfriendly in this regard. Everything about oil production on their site seems to be around 1999 - 38K bbls/Q and oil at $20.97/bbl!!

Just had a quick look at their HY Fin report to 31 Dec 07.
These guys had oil production revenue receipts for the 6 mths totalling AUD$7.377m.
If we work that backwards and allow them an average price of say AUD$80/bbl for the period, they have produced around 92.2K bbls for the 6 mnth period. Allow a higher avge = less bbls.

On a comparative basis, NDO will produce around 711.5K bbls per 6 mths (at a Galoc draw of 17,500 bopd).

Cue current issue = 628.239m, current sp = .225 PE of 28.85
NDO current issue = 947.847m, current sp = .255 PE of -9.88

This would imply that NDO's production receipts from Galoc are not yet factored into the sp.