Agree Len-Hun, Nido's management has it worked out that in this industry it's about long term sustainable production and therefore a combination of projects is essential in production, exploration and development.
Some sources have had West Linapacan A/B at 40 MMBOE and up to 150 MMBOE 2P. I'm just hoping that the Nido limestone has recovered and that horizontal wells can better mitigate/manage any water influx as many fields with this unit have had issues.
The odd bit is that ultimately more can be produced if production rates are constrained as reservoir damage is mitigated.
With the Golac phase 2 production and Linapacan reserves cert I'm hoping to see the glory days again when the shares were trading >20 cents per share. Realistically >8 cents is more likely.
Agree Len-Hun, Nido's management has it worked out that in this...
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Last
83.0¢ |
Change
-0.015(1.78%) |
Mkt cap ! $189.2M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 83.0¢ | $9.776K | 11.53K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14443 | 83.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 15000 | 1 |
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| NDO (ASX) Chart |