we have 7m oil in place at best 10m, and at a recovery rate of 30% thats only 2.1m in the middle of the ocean. The costs of taking it out would be unreal. Nido break even is $25 per barrel, this would be a least four times that. Kik has beaten ndo on the sale process as well. Great job management. Our strategy is to farm out exploration areas to fund exploration? How are we going to explore, use all the production profits i surpose
we have 7m oil in place at best 10m, and at a recovery rate of...
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Last
76.0¢ |
Change
-0.020(2.56%) |
Mkt cap ! $173.3M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 75.5¢ | $14.20K | 18.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4696 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 1039 | 2 |
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| Last trade - 12.16pm 13/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |