NDO 0.61% 82.0¢ nido education limited

only days away from tripling production

  1. 197 Posts.
    Hi All, I'm surprised there is not much more excitement about this announcement?
    This should allay any fears people had of things not going to schedule - took only 14 days!!
    Now NDO only has to hook up the hose, test, and the oil is flowing!! Hopefully at a decent rate!
    Also, about the comments that this well is not a big deal for NDO and wont warrant a large re-rate - consider this.
    Tindalo - 10000bbl/day (hopefully more, maybe less)
    Galoc production share 2000/day
    Tindalo production share 4000/day

    6000bbl/day, 180000/month, 2.16million/year

    Margin of say $35/bbl - thats $70million profit for the year.

    NDO market cap at .155c/share? $160/170 million??

    p/e ratio of about 2.

    And then if NDO take 20% of that cashflow, and drill Gindarra in the next 9 months or so...

    so basically, the cashflow NDO will be achieving over the next 3-12 months will provide funds to:
    continue drilling the shallows, discoveries & keep the cashflow up (as tindalo & galoc are less than 5 year producers)
    DRILL THE LARGE GINDARRA PROSPECT!!! Surely the market, after finding out the flow rate from Tindalo will re-rate to include Galoc, Tindallo, and maybe a small valuation for Gindarra (currently, only Galoc is being priced into NDO's .155c share price)

    Lets see what the market does over the next few weeks - It will either continue to be hugely conservative in relation to NDO's value, but even a doubling or tripling in the share price does not factor in the above prospects/cashflow/scenario anywhere near fully.

    Any comments anyone??
 
watchlist Created with Sketch. Add NDO (ASX) to my watchlist
(20min delay)
Last
82.0¢
Change
-0.005(0.61%)
Mkt cap ! $187.0M
Open High Low Value Volume
82.5¢ 82.5¢ 82.0¢ $1.522K 1.846K

Buyers (Bids)

No. Vol. Price($)
1 24818 82.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.5¢ 2 1
View Market Depth
Last trade - 16.10pm 18/09/2024 (20 minute delay) ?
NDO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.