NDO 4.71% 89.0¢ nido education limited

wl reserves released, page-8

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    Ozgem,

    Was unlikely to be deemed noncommercial when it previously coughed up 8.5 mmbbls. Now had 17 years to settle and "restock".

    3.2 mmbbbls 2P net to NDO represents only the LLS section of Linapacan A.
    That represents 1.94 mmbbls Proved (booked) + 1.26 mmbbls Probable reserves net to NDO from the A Field.
    They also estimated there could be a further 0.5 mmbbls contingent resources net to NDO in the LLS.

    Net to NDO from the ILS section of the reservoir is an estimated additional 0.5 mmbbls contingent resources. Small volumes were produced from this section during the original development

    Also, from the GCU section, the best estimate (read most likely) net to NDO is another 0.9 mmbbls prospective resources (ie, indicated by the original wireline logs in this case, but not proved by flow).

    So in all, there is a possible 4.6 mmbbls 2P net to NDO in the WLA field (not counting 0.5 mmbbls LLS contingent).

    Let's also remember that GCA tend to keep their estimates on the conservative side of the fence to protect their own integrity.

    Look forward to the B Field assessment to follow on from this.
 
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