Lets assume 3500 bbl day, operational time at full capacity of 300 days a year at a cost per bbl a conservative $80 (conservative in the sense its 30% of oil's current cost per bbl).
Thats $84 million per annum in revenue - not NPAT.
Its current market cap is around 480 million, hence its trading on a forwards PE (not an NPAT PE) of around 6.0, though thats obviously a very open ended figure! Dont have time to do a full valuation as its still all speculation and a waste of time.
If NDO wasn't going to be receiving revenues soon from Galoc it would still be in the higly specualtive basket and one would have to really prove itself to warrant its current SP.
Anyone holders from way back have an idea on when their permits expire?
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