which way now, page-31

Depends Spozzie. Currently at present NDO only have 50% interest in the actual package - 50% is held by another co.

If they farm out the actual drilling and operatorship, naturally the new farminee will take a percentage interest in the field aswell hence NDO's 50% will once again be diluted. It wouldnt surprise me to see them lose 15% to the farminee.

That being said, Im not entirely sure whether the other 50% partnerat present is going to be drilling on their behalf, but given the statemetns in yesterdays ann about tendering EOI's one could assume another partner will be brought in to get drilling.