some interesting facts b4 news release

Why I choose NDO?

Two fundamental reasons ?C
1. Huge oil assets ?C Billions of oil potential.
2. Shell??s successful experience in this location, and world-class development experience and access to cutting edge technology

NDO's assets lie in the North West Palawan Basin, east of Palawan Island and across the highly prospective fault line between the Sabah and Palawan geological provinces. This part of the South China Sea is better known for the hotly-contested Spratly Islands, which are due west of NDO's acreage. While a lack of exploratory drilling means there are no proven reserves on the Spratly Islands, a 1993/1994 US Geological Survey estimate put the reserves at a potential 28 billion barrels. That's multiples higher than Australia's 1.5 billion barrels of proven reserves.

NDO has significant interest in several exploration assets, namely Service Contracts (SC) 54, 58 and 63, all to the west of Palawan Island, with a net acreage holding of 14,641km2. 1P and 2P reserves certified by Gaffney, Cline and Associates (GCA) as 6.8 Mmbbl and 14.7 Mmbbl gross, respectively as at 31 December 2009; NDO have applied the latest seismic and interpretative technology to identify a total of 112 targets with potential unrisked oil in place of some 11.4 billion barrels;

Gindarra offers the largest upside, is the most advanced and de-risked and will be company-making for Nido. Gindara Prospect (SC?\54B) significantly upgraded: unrisked mean oil?\in?\place increased to 1,000 MMBOE in 3 targets - the Nido limestone, Miocene clastics and deeper Mesozoic plays.

Shell is amongst the largest and most experienced oil and gas companies in the world. It has had over 96 years of operations in the Philippines and a deep understanding of its oil and gas sector. The Malampaya Project operated by Shell Philippines Exploration B.V. (SPEX) - SPEX drilled five wells to determine the amount of gas available in Malampaya. The findings confirmed the presence of a formidable power source 80 kilometers northwest of Palawan island?Cabout 2.7 trillion cubic feet of natural gas reserves and 85 million barrels of condensate, located some 3,000 meters below sea level.

Gindara lies approximately 50km immediately south of the Shell operated Malampaya gas field in SC38, the largest discovery made in the Philippines to date and currently on production.

High Exploration Drilling Strike Rates within NW Palawan Basin - 70 exploration wells drilled with 76% yielding oil or gas shows also give Gindara a good sign.

Gindara is scheduled to be drilled in May. With 1 billion barrel oil prospect to be drilled in near term, and Shell??s successful experience in this location, and world-class development experience and access to cutting edge technology, this should be a VERY interesting in the coming couple of months.

The current share price $0.105 is grossly undervalued.

If successful in finding oil /gas, NDO share price can go over 50 cents.

Good luck to all NDO holders!