ndo recommendation

The Bull have recommended NDO as an oil stock to hold in your portfolio.

Nido Petroleum offers strong cash flow, and plans to produce from the Tindalo field it discovered in the Philippines last year. Dwyer says real value lies in 30,000 square kilometres of exploration licences located in the Philippines’ north-west Palawan Basin, of which Nido has a 60 per cent stake. He says Nido has identified more than 100 prospects on these permits, with the top 20 targets ranging in size from 150 million barrels of oil to 1.2 billion barrels. “Some of the larger targets are in deep water and costly to drill, but Nido is working to farm these out to a major player to help fund drilling costs,” Dwyer says. “If one of the largest 20 prospects was to flow oil at a commercial rate, then Nido’s share price would respond favourably.”

and this was before the latest good news

Gisy