re: biggest ... Very constructive post there Biggest, thanks! I was planning on spending some time on the week-end getting together a decent post outlining why NDO/NDOO is by far my largest spec position & why I have every confidence in the assets & management of this junior, but alas! ... You seem to have pretty well wrapped it up in about 1/10th of the space it would have taken me! : )
Porosity @ 35% may indicate a higher recoverable reserve than what may be expected though time will tell on that. To also consider in the short-term is of course as you have stated, further North-Sea acreage, but more importantly, the reserve certification & the quarterly admin. expenditure vs optimization sustainability & revenue/earnings increases as a result. An AIM listing would be the best of alternatives to NDO taking up the funding obligations themselves for a further farm-in, (possibly up to 54-59% of field), & any script issue concerns would be cleared up quite simply with a reconstruction once a clear definite structure has been laid out to the market for the development of their assets ... Have to go, apologies for not posting as much as I would like to, thanks to all the posters from all walks that contribute their time, research & objective opinions to threads such as this one & many others!
Warm regards ... : )
I hold NDO/NDOO.
NDO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
