Insaf,
Extending drilling timelines, stating Viking farm will be finalized in weeks on Viking MOU announcement when it has been 5 months.. I think this is the main reason for decline in the sp.. NDO already had a bad rap with the market for over promising and under delivering.. IMO the market has just seen Viking delay as another case of that...
But with Galoc phase 2 starting in 2013 the sp does not represent true value of NDO and market is ignoring West linapacan oil field.. Which holds some 111 million barrels of oil..Also a reserve certification should be out by years end.. The oil is there and only stop producing oil (previous operator) due to the crash in the oil price back in the 90's..
I'd say after Viking this would be PB highest priority to secure farm in partner...
price action , page-24
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Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.0¢ | $61.08K | 74.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7341 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 3829 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |