NDO has reduced its stake in Gindara from 50% to 33%. However, entry of Shell means our 'leading prospect' will be drilled in April next year and at much reduced cost to NDO! Even at 33% Gindara could be a 'company maker' and i'd rather we get moving with it, albeit at a reduced stake. Appears the water leak in Tindalo is solveable. Overall, a positive set of anns IMO.
shell on board, page-10
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