occam, I join with some of the others here in thinking you...

occam, I join with some of the others here in thinking you haven't taken the trouble to read a single company presentation, of which, there's quite a few. Though some might tend to duplicate previous explanations.

Nido have consistently used base oil prices as low as $50, also they have spoken in terms of their "daily" revenue, and the exact share of it that will end in up in their coffers at various milestones. It has been a 'leave no stone unturned approach' on the detail, which if studied, makes most of the above conversation in this thread redundant.

Do have a read. Bearing in mind, this company has a long history of conservative reporting and are not given to exaggeration, save for what one might immediately take as optimism, ie: their fervent hope of 11.6 billion barrels of oil in the Palawan basin, which of course is a hope they qualify with seismic interpretation

In my view, all Nido have to do is prove up a mere fragment of their views in order to justify a share price many orders of magnitude above its present level. However, as suggested previously, lets see what comes of this Galoc venture first