lol! I see you didn't have the courage to respond to Blue Griffins comments - looks like he has worked you out fair and square - lol!
Don't see why I should hang myself from any bridge mate - you are the one that sold out of NDO/NDOO and rode NEO - wrong horse - lol!
This is a great outcome for NDO holders - find a carcas with nothing going for it and farm out part of a high risk / high reward acerage and raise capital and dilute YGL. A win - win for all - NDO gets a project progressed with $$$$$ for a project without dilution. YGL holders win as there was nothing there anyway and they have 40% of high risk / reward project.
And now lets compare the NDO and YGL horses and work out which is the better one to be on...
NDO Assets and acerage
Galoc Oil Field West Linapacan A Oil Field West Linapacan B Oil Field Bonita Nido 1X1 Galoc Deep Service Contract 54 - 60% Coron North - 60% Cool Energy Linapacan C Meridian North Batas North Cadlao North Galoc South Galoc South Libro South Pandan West Batas West Cadlao West Linapacan C North Sea - 27 blocks - 25% of Virgo Energy Cool Energy - nearly 30%
Cash - $23 million
YGL
Service Contract 54 - 60% Coron North - 60%
Cash - Tim Tam money
Capital Raising - at what price and how many shares?
NDO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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