1) Farm out of 54 Deep signals that the game is on. 2) Seabed coring has mitigated the charge risk - which was the principal risk. 3) Management went into "fire sale" mode to close the SC54 deep deal and I'm guessing that they were not overly pleased with the "zone #2" result on Tindalo. 4) Have NDO missed this announcement because they are very busy with somthing else before christmas? Would have thought they would just put it out there good or bad, having given themselves a deadline. 5) Makes no sense to mobilise and man-up to drill 1 well only next year. 6) Comments in the last Q'ly that there had been renewed interest and approaches and that the "strategic partner" search continues.
All speculation... but maybe...
p1000
NDO Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
