Nido's pres yesterday page 8 said "capex for Tindalo US$27mm".
recently stated 135,000BBLS have been produced thus far.
currently producing approx 4K~5KBOPD.
oil price US$70BBL = 385,714BBLS needed to break even =approx US$27mm.
i'm sure you can do the sums..still approx 255,714 short of the target. divide that by 4,000BOPD = 63 days.
they sure need the cement too work well..
comments or corrections welcomed.
tindalo's numbers
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