tindalo oil, page-2

With the qtrly reporting season kicking off now, it should b interesting to see prodn/rev. figures frm Galoc (b4 Tindalo gets flowing).

Q3'09: Produced 125202 bbls, sold 115308, Rev: $10.2m
Q4'09: Prod. 171083 bbls, 157596 sold, $12.6mil

FY'09: 657747 bbls sold, Rev: $47.8mil, Prf: A$20.1mil
FY'08: 217952 bbls sold, Rev: $10.3mil, Prf: A$0.1mil

So with minimal downtime & the rising POO, revenue frm Galoc for Q1 2010 should b better then last qtr.

Key triggers for NDO's SP are:

1) Continuing production frm Galoc (22.879% interest)
2) Tindalo coming onstream soon (42.4% interest)
3) POO staying above USD 70-80/bbls