Galileo,
You raise a very good point in that NDO are in a healthy financial position. And this is only going to get better once we see cash from the sale of oil.
For all the pessimists, sure oil has decreased over 50% from the highs 3months ago but remember the AU$ has decreased relative to the US$.
NDO have projected numbers for both US$80 and US$100 oil and this was done at a time the AU$ was at 90c odd to the US$.
Today we are at roughly 68c to the US$ and oil is at US$70.
Projections @ US$80 for 4000bopd when US$1 bought AU$0.90 = (roughly) AU$350,000 per day.
Today @ US$70 for 4000bopd when US$1 equals AU$0.68
= (roughly) AU$410,000 per day
Now if that isn't a healthy financial position well i don't know what is.
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Galileo,You raise a very good point in that NDO are in a healthy...
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Last
86.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
88.0¢ | 88.0¢ | 86.0¢ | $29.96K | 34.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15704 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15704 | 0.860 |
1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 20000 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
1.100 | 100000 | 1 |
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