nido identifies 11.6 billion barrels , page-37

Sav-J, so your back of the envelope numbers suggest US$84000000000 will be be Nidos share, given that oil remains at a low price of US$120.

Read - US$8.4 billion

I tend to think this figure might be a bit low considering their strike rate, which is very high by any standard, so maybe the assumptions on recovery rates needs to be looked at.


As an aside, a back track of yesterdays posts on this thread reveals who the teenagers were, unable to read, yet happy to offer a few grunts and snorts about stock advice.

In light of the fact the company in question, NDO, advanced 41% in a single day, one might suggest these juveniles offer poor comment, indeed, are investment hazards.

As to whether tomorrow will bring another rise, who knows, but one can live with certainty that Nido will now be under a microscope from a variety of global oilers.