"Thats a PE of approx 1"Jesus wept! Not the PE of 1 brigade all...

"Thats a PE of approx 1"

Jesus wept! Not the PE of 1 brigade all over again. For a company with finite resources!!

finite resources ??? .. not for long if we keep looking .

sooner or later we will hit more oil.
we have 6 years of known resources in galoc + wl.
6 years of looking using cashflows alone.
developing further the galoc north etc using finance if needed is not a problem considering it'l increase cashflows further .
cash in the bank will mount up over 6 years .. as ndo cannot spend more than it earns in exploration ..as we've seen in its upcoming 4 exploration drills in 2014 with major players for only 12m total cost to nido.

12m a year to explorecosts versus .. earning 50m pa for 6 years (300m)..with a market cap of 66m and 20m in the bank after 4 drills completed in 2014 ..

if we hit oil and increase reserves by only another 5 to 10m barrels net to ndo .. the PE of 1 will be assured long term ..

then what if also we hit oil in the sc63 of 20mb net to nido ?
every million barrels we add to our reserves is another 50m net profit and another year of life ..with a PE of 1 to 1.5

so lets keep looking each year for 10 or 20m and pocket the change as divies or mount it in the bank as asset backing .. either way we are SAFE over the next 6 y .. and i see 150m to 200m cash in the bank by 2020 . with possibly NEW reserves Found from the 50m of exploration spending ive allowed for after wl development costs .

imho .:)