there goes the run now back to 13 cents, page-9

Does it really matter if one of the US based Insto decides to take cash in or take his bat & head home!!

Fundamentals are pretty strong for NDO, so don't let the odd tree-shaking bother u.

Let's just revisit the fundamentals or triggers:

- Price of oil is still up over US$70/bbls.

- NDO's '09 avg oil sales price was A$72.7/bbl & in '08 sales were at A$47.26/bbl.

- NDO should have a steady revenue frm Galoc for Q1-10.

- The AD arrives on site & work on Tindalo-1 to commence soon.

- First million bbls produced during the EWT is direct cash (no royalty 2b paid to the P'ines govt).

- The borehole image I posted over the w'end, indicates
oil is present in the well over a 120-144m column.

If thats not enough, u could ring up FOX BIZ's YMYC 2nite at 8pm & ask the 'Experts' on the panel if they know much abt NDO. They wouldnt have the slightest of clues simply b'coz,
- Of its low SP/mkt cap &
- Producing assets in Phillipines or
- Exxon's deepwater discovery or Shells Malampaya field production figures or
- Tax incentives on offer frm the P'ines govt to operators.
- or What a jackup rig/FSO/umblical set-up looks up!!

Nope, they dont really need to know all of the above, rightly enough they r called bankers!!