NDO 0.00% 92.0¢ nido education limited

no news is bad news, page-5

  1. 3H
    5,864 Posts.
    What the link does say is that the ETA at the Nido oilfield was to be 2/5/10. This is consistent with the NDO ASX release on 30/4/10 indicating the TK will arrive shortly.

    Now NDO took on the rig hire around 22/4/10 i.e when it arrived in Singapore. If indeed the rig is costing us USD250k a day, we have already rig costs of USD250k*20days = USD5million. Any idea what the TK is costing us a day?

    This could easily turn into a nightmare if they dont complete the well soon and start well testing!



 
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