nido share and timing, page-12

All of these costs have been well and truly covered in a number of past presentations Nido have delivered to shareholders. There's nothing new to say

They include, division of revenue, profit sharing, and most of all, a flat statement that all development costs will be recovered within a matter of months, which one might guess should be achieved around xmas, given that fact that their daily revenue will be in the order of 300k - 400k US$.

There's pages and pages of this information on any of their presentations. Nothing new, nothing unfactored, including oil price variation scenarios, and to suggest otherwise is misleading.

Though I do think there's some confusion here about expenses incurred by the operator, GPC, and that of Nido, the partner in the field itself. Perhaps a similar confusion a few ill informed punters harboured on the apportioning of the expenses due to these delays. None of which Nido are responsible for. Though it would appear was news to many. Logically giving rise to the observation "they should say nothing"

However, the market awaits the hard numbers for Nido, the daily $$$ from oil extraction, and from that day on, one should be able to quantify things better. Indeed, they will graduate to the status of a producer

And one more thing, although the present price of a barrel of oil is well within Nido's remit for a very profitable business, in coming days OPEC might act on physical production to make the price higher.

Simply put, Iran and a few others need US$95 to break even with their spending regimes.