At this point I have to agree that SC 63 drilling is a step to far at this point. The only upside is that Baragatan is a partially proven structure (fair to good reservoir with oil shows)and that nido has worked with majors (Lundin, Shell and Total)to various degrees.
The sum of the net current drilling/development program is greater than the value of the company itself. If Nido is to succeed in the current program then we could be in for an interesting few years. The concern is that company is chewing on to much for its size.
taking stock, page-28
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