For those with cash to spend this must be like Xmas has come...

For those with cash to spend this must be like Xmas has come early.

I can understand why some people would need to sell in these market conditions (eg margin calls etc.) but for those with a bit of nerve and who are not forgetting the underlying facts about NDO everything is still running to plan - albeit a few months late (none of that was NDO's fault).

We are all hurting because of the delays to Galoc but remember these facts about Galoc once it flows for NDO:

Case A: Nido Planning Case

Field Production 17,500 bopd

Nido Share 3,899 bopd

Gross Revenue Nido Share
@ $US80/bbl $312,000/day
@ $US100/bbl $390,000/day

Case B: FPSO capacity

Field Production 25,000 bopd

Nido Share 5,570 bopd

Gross Revenue - Nido Share
@ $US80/bbl $446,000/day
@ $US100/bbl $557,000/day


Oil is hovering around $90/barrel so we are still looking very healthy. Galoc will flow no later than Wednesday next week (most probably before that though). Even if oil prices drop to $60/barrel we are still very in the money.

I dare say our wait is about to be over and the come back will start.

DYOR