G'day Sandy.
Many thanks for the link, well done.
As far as I can ascertain, that release means that the J.V. has officially accepted the 'G.P.C.' development proposal conditional only on DoE approval.
This is very very good news!
: )
This is the last hurdle for Galoc, the question from the market will be the state of the Phillipine DoE.
Simple rubber stamp or to play hard-ball & what time-frames for said aproval are we looking at?
One would be inclined to think simply a formality on the basis of;
-The Filipino DoE would have been fully aware of interested parties in the development of this regional asset for the last five years, of which this proposal has been 9 months in the pipe-line, plenty of time for prior preparations, so approval a formality, if not why not?
-current Filipino national domestic supply/demand critically needs to encourage short-term production/exploitation leading to future 'big-hit' exploration so many pressures exist on the department to expedite?
ie- national production @ 6,400bopd, (<10,000), projected production from Galoc development is 20,000bopd equalling >%300 iincrease in domestic product short-term.
-an international major in the region to be encouraged?
We have seen an extra million come on the buy depth in the last hour so obviously the market is aware of & encouraged by this development, we shall see what occurs over the next 'two weeks' but simply very very good progress!
: )
Warm regards & good luck ...
: )
- Forums
- ASX - By Stock
- NDO
- who said things aren't moving..
who said things aren't moving.., page-2
-
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NDO (ASX) to my watchlist
|
|||||
Last
88.5¢ |
Change
-0.015(1.67%) |
Mkt cap ! $201.8M |
Open | High | Low | Value | Volume |
88.0¢ | 88.5¢ | 88.0¢ | $72.74K | 82.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 28330 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.860 |
1 | 20000 | 0.850 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
1 | 663 | 0.755 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 28330 | 2 |
0.935 | 3297 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
Last trade - 15.38pm 04/07/2024 (20 minute delay) ? |
Featured News
NDO (ASX) Chart |