Nice response Galileo...was where my brain went as soon as he started quoting $75/bbl then $65.
The decision to bring Galoc into production was made on the basis of it being very profitable with oil at around $45/bbl. Whitby was quoted in Sept 05 "...very profitable, especially in the current high oil price environment." The RIU Good Oil Conference reporter responded with..."And, if Nido is right, and oil stays at plus US$50/bbl, the West Perth junior could have a pay back period of a little more than 100 days."
The info you quote is actually in many of NDO's presentations going back for some time...eg, pg.18 of AGM Pres. May 06...there they can even make money from WTI at USD$46/bbl on a field performance of 17.5K bbls/d, (albeit USD worth more then). Pg.17 of Ward Ferry Singapore pres April 07 with Brent at USD$40/bbl...etc, etc!
I agree...like I've said before...when the bank acct starts filling up, the mkt will be able to give NDO a proper fundamental valuation!
Shakespeare, OEL have 31.38% of GPC, which gives them 18.28% of production.
this stock is a santa comes early gift, page-18
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Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $194.9M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 85.0¢ | $96.28K | 113.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 29650 | 1 |
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| Last trade - 15.00pm 11/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |