oel for ndo substitution?

I see the sellers building up slightly on NDO - nothing that we did not see already over the last months but interesting...

It seems that since the fall in share price the value of NDO has reflected the value of the Galoc stake but very little for the exploration acreage.

I wonder if this is the perception of some of the big boys, do they see an abitrage opp by picking up stock cheaply in OEL and unloading some NDO?

I personally see the value in NDO as being in the exploration blocks not in Galoc, but possibly this is not how some insto investors see it.

Of course it could just be a bit of the negative news rubbing off on NDO (unjustified as it is). Must be close to another lifting now, I would imagine that it will be announced - that will be another $2-2.5 million US net to Nido (after production costs). Should average 15 liftings a year with alowance for downtime etc?? Should go a long way to reasuring investors in NDO.

p1000