Does it really matter if one of the US based Insto decides to...

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!!