NDO nido education limited

sometimes you just don't understand the beast , page-7

  1. 15,276 Posts.
    lightbulb Created with Sketch. 46
    BPT has added over $30M to their market cap on the back of the Bass Strait acquisition...

    For $50-70m, they get 25% of about 23MMbbl recoverable, and for an additional $30-50m they get 25% of another 19.5 MMboe...so the cost to BPT will eventually fall somewhere between $80-120m.

    An interesting comparison can be drawn between BPT's Bass Strait and NDO's Galoc assets.

    *******NDO's Galoc*******

    Galoc: 25m recoverable (conservative estimate)
    Galoc North: 9m approx. recoverable
    Gas: Present in commercial quantities, but don't know details.
    Water depth: 320m
    Development plan: Floating production system, horizontal wells.
    Expected production: Stage 1: 10,000+ barrels per day (two wells)
    Future production: Stage 2: 20-30,000+ barrels per day...Stage 3: ??
    Offtake: Ship to market.
    Nido's share: 22.279%
    Cost to develop: USD$150m?
    Cost to Nido: ???

    *******BPT's Bass Strait Assets*******

    Basker-Manta: 23MMbbl recoverable
    Manta-Gummy Gas: 19MMboe
    Water depth: 100-200m
    Development plan: Floating production system, vertical wells.
    Expected production: Stage 2: 20,000+ barrels per day (four wells)
    Future production: Stage 3: 9000 boepd (Manta/Gummy gas)
    Offtake: Ship to market.
    BPT's share: 25%
    Cost to develop: USD$276m
    Cost to BPT: $80-120m

    ---

    These are remarkably similar projects, however I believe better fiscal terms are available to Nido, due to the large cost recovery pool available for Palawan basin participants...and Galoc development is further advanced, meaning first production will occur much quicker.

    There is obviously a higher political risk issue for NDO's Philippines assets, but as I see it, that is nore than offset by the "greenie" risk factor facing BPT

    Remember, I am not comparing companies, just their Galoc and Bass Strait assets!

    At more than $30m, the Market has put a value on BPT's Bass Strait assets alone, of more than 1 and a half times Nido's total market cap!

    Figure that one out?

    Cheers!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
67.0¢
Change
0.015(2.29%)
Mkt cap ! $152.4M
Open High Low Value Volume
67.0¢ 67.0¢ 66.0¢ $39.28K 58.63K

Buyers (Bids)

No. Vol. Price($)
1 4000 66.0¢
 

Sellers (Offers)

Price($) Vol. No.
68.5¢ 27118 2
View Market Depth
Last trade - 15.32pm 11/07/2025 (20 minute delay) ?
NDO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.