nido to treble its service contract 54 drillin, page-4

I was initially disappointed because I thought Gindara was going to be drilled this year, but the more I think about it the new strategy makes complete sense for KIK shareholders.

In fact I think it's brilliant.

1. Drill low cost low risk plays first.
2. Drill not 1, but 2 shallow plays, reducing discovery risk even further.
3. Get production cash flowing as soon as possible.
4. Maximise opportunity of options being converted.
5. Option cash and production cash reduce % farmout of big prospects, reduce need to dilue and increase the upside for KIKers.

I like it, I like it, I like it.