NDO doesn't have 11 billion barrels. It has to 'potential" to have 11b barrels. Completely different thing altogether.
If Nido wasn't a petroluem company with a decent market cap, that annoucement would be akin to saying my 200sqm backyard has the potential to host 20 trillion barrels. Totally unsubstantiated, and really you have to wonder what quality geologists are coming up with that figure. Seems more like a publicity stunt than anything.
In fact I am surprised so many people have bought into the hype. Give me flowrates, resevoir porosity, or pressures, and then I will buy the stock. Doesn't matter if the stock is 2c or $10 by then, at least I will be making an educated decision, and not spending money on baseless ramping. You need to be careful about what you attach the 11b barrels to.
However Capt Salty, I do agree that Sandy is going back to his old ways of posting a few too many topics on a daily basis. Take it easy big fella :)
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