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??
- Forums
- ASX - By Stock
- NDO
- only days away from tripling production
only days away from tripling production
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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($) | Vol. | No. |
---|---|---|
83.5¢ | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24818 | 0.820 |
3 | 6871 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 2 | 1 |
0.840 | 100000 | 1 |
0.850 | 12962 | 1 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
NDO (ASX) Chart |