Many would have done similar calculations, but I enjoyed fiddling about with the calculations.
Below is based upon some assumptions that some folk here may or may not agree with.
First, Galoc produces at the stated rate. Second current production continues at Nido fields third West Lincapan A and B work out, but produce at half the previously measured rates.
Oil prices in table and rough estimates of share price based on above.
Go figure downrampers!
Do your own research, don't take my word or advice and hell, the research is fun!
*assumes WLA and B producing at half tested production rates of 18,000BOPD and 2,900BOPD respectively, NIDO current production net to NIDO of 51,000 BO annually and Galoc at projected 1.46 MBO annually net to NIDO.
NDO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
