NDO
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0.00% 88.0¢ nido education limited

reserve increase to 134%, page-16

  1. nicto
    1,214 Posts.
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    11/09/12
    17:04
    Post #: 10703220
    you might also remember that NDO had a 100 day window from 1st oil at Tindaloo that was tax free for any oil produced.

    They also committed (6 months?) to a very expensive extension of the drill rig contract that turned the rig into an off-take vessel.

    I reckon they got greedy and cut corners to try for the most oil in those 1st 100 days. result...SNAFU.


    NDO Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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