True value is around 7c and I know I have said this before but the extensions to Galoc make this a really interesting play now more than ever. What does that make it worth???
So what if we do double reserves and add a further 1000 bopd production or extend production out to 2024!
I think Strat did the sums the other day and the 5.5c offer is about 2 years production from free cash flow.
Our management did not say one thing about how well the field was performing it had to said by Otto management. No disclosure to shareholders.
I have 500,000 shares and wont be selling mine, because I think they are now worth 7c low side to 12c if Galoc proves to have significant upside.
NDO Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
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