NDO, NIDO PETROLEUM LIMITED

[anroo]

In Reply To: kennowaylass's post @ Jun 30 2011, 02:01 PM

Nice appointment today a guy with real experience and know how.

Hopefully he can turn all these prospects we have into something more tangible.

Little bit of dead wood removed.

[grommit]

In Reply To: kennowaylass's post @ Jun 30 2011, 03:25 PM

KEN...don't jinx it mate...last time you said it was ready to pop it fell from 15c to 10c.. ...anywayz...with some $$ coming in and a big play that could yet come good...there is a chance...i might have a stab with a tight stop loss...who knows!

[kennowaylass]

In Reply To: grommit's post @ Jun 30 2011, 02:49 PM

Good luck to us then Grommit - risk reward and all that eh? - the 9c comment caught my attention and he went on to say the selling was waaaaaay overdone. We shall see.

[grommit]

In Reply To: kennowaylass's post @ Jun 30 2011, 02:01 PM

KEN...this is a 5-well drill program...can't bring up their website for news on this but managed to find some info online...so after GINDARA 1...then what and how long before the next drill? cheers

[kennowaylass]

Nido looking ready to pop - One of the brokers on "your money your call" says this is worth 9c on current production value alone - Don't know if he is right but I am in now so here's hoping for a steady incline back up to 30c mark from here on in.
Hope the dream doesn't turn in to a nightmare.

(channel 602 foxtel mon-tue-wed @ 8.00 pm & 11pm est)

[pillman]

In Reply To: arty's post @ May 24 2011, 04:18 PM

Arty - we've done worse, remember the duster that was magnolia? Didnt even get the slightest hint .. just an announcement "No Hydrocarbons have been detected" and the stock/well/world tanked (taking away many dreams of parties in Western Australia and champagne with strippers in Vegas)

[raauul]

In Reply To: Flynn's post @ Jun 10 2011, 10:28 AM

Agree on the second point. Nido Formation is why the money is here.

But, if there was oil in the secondary target, (300mbbls is a huge discovery in its own right) you would now be getting a free hit at the big kahuna with little risk. As it stands the first shot in the gun has been fired & missed. One last bullet in the chamber.

So disagree on the first point, it could be going better.

Put it another way; You picked 2 horses to win in a 10 horse race. One is a bit of a donkey but has its days, the other is a bolter. Your chances of a win are maybe a bit better than 1 in 5 (20%)

Now the donkey broke down out of the gates so forget him. You still have your bolter going, but your chances of a win have now blown out to 1 in 9 as stats go. Your bolter might be worth a little more than a number so i'll be kind & say 1 in 7 as it stands.

[Flynn]

Drilling progress couln't be going better.
"The results from the Coron Clastics secondary reservoir objective do not impact the hydrocarbon potential of the deeper Nido Limestone"

[raauul]

In Reply To: watchmaker's post @ Jun 8 2011, 01:54 PM

About a third of the billion barrels was prognosed in the secondary Miocene target, which is water, so ~ 600mbbls is remaining target in Nido formation. Still a large accumulation though.

I wouldn't call the market action too erratic, just punters taking money off the table, once the risk of failure in this well has risen.

High risk/High reward for anyone still on board. A sincere good luck if you are riding this one through.

[watchmaker]

In Reply To: arty's post @ Jun 7 2011, 02:41 PM

Rather, it's looking very good at the moment, the primary target is trapped. That is, no oil seepage found in the secondary, just water

Nonetheless, it's amazing how the market reads progress reports. Anyway, a billion barrels of oil is the target