GreatPig
Pigs In Space
- Joined
- 9 July 2004
- Posts
- 2,368
- Reactions
- 14
NDO - Nido Petroleum
- Thread starter GreatPig
- Start date
-
- Tags
- ndo nido petroleum
- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
Hi folks,
NDO ..... after failing to breach overhead
resistance several times, since the October 05
highs, the NDO chart is looking weaker now.
Technically, that retracement to 11 cents
would be very healthy, as it represents a
50% retracement of the previous upleg.
Looking ahead, there's a number of minor
time cycles anticipated over the next
6 weeks, with projected lows expected
around mid-May 2006.
Then, we will be alert on theses key dates
for some positive NDO news/moves:
23052006 ..... significant and positive news???
26-29052006 ..... spotlight on NDO???
Downside support expected around:
14 - 12.5 - 11 - 8.5
happy trading
yogi
- Joined
- 27 January 2005
- Posts
- 392
- Reactions
- 0
NDO and YGL are ready to go hand in hand into the PAlawan oil fields - a massive oil acreage where 'elephant hunting' is expected to be successful.
It is being compared to Mauritania - and they have an immense amount of land.
Will be company making for both of them. Plenty of share movement left in them. Obviously YGL is doing very nicely as the farm in partner - keep an eye on them both if you're not already!!
It is being compared to Mauritania - and they have an immense amount of land.
Will be company making for both of them. Plenty of share movement left in them. Obviously YGL is doing very nicely as the farm in partner - keep an eye on them both if you're not already!!
- Joined
- 28 June 2006
- Posts
- 1
- Reactions
- 0
Hey there maybe more than a passing similarity with Mauratania. I think you will find Woodside are on the register of YGL via the most recent placement. If so thats great news for YGL and NDO.
HMG
HMG
- Joined
- 12 April 2007
- Posts
- 999
- Reactions
- 0
NDO up 10% and cops a speeding ticket today!
Nido notes new information after shares jump
19:31, Friday, August 10, 2007
Sydney - Friday - August 10: (RWE Australian Business News) -
Nido Petroleum Ltd (ASX:NDO) has responded to an ASX query over a rise
in its shares from 27c yesterday to 33c today (34c at close).
The company noted its most recent announcements, namely its June
quarter report, and its presentation to the Merrill Lynch Conference on
the Philippines, included the following new information:
a. The anticipated arrival on site of the rig Energy Searcher in
mid-September for the Galoc oilfield development.
b. The expansion of the company's seismic operations in Service
Contract 58 to 661 sq km of 3D seismic and 1928km of 2D seismic.
c. The acceleration and increase of a 2D seismic program in
Service Contract 63 to 3165km in the third quarter of 2007.
d. The entry into sub-phase 3 of Service Contract 54, which
carries a well commitment due before February 2009.
ENDS
Also, see YGL (JV partner in the Phillipines)
Nido notes new information after shares jump
19:31, Friday, August 10, 2007
Sydney - Friday - August 10: (RWE Australian Business News) -
Nido Petroleum Ltd (ASX:NDO) has responded to an ASX query over a rise
in its shares from 27c yesterday to 33c today (34c at close).
The company noted its most recent announcements, namely its June
quarter report, and its presentation to the Merrill Lynch Conference on
the Philippines, included the following new information:
a. The anticipated arrival on site of the rig Energy Searcher in
mid-September for the Galoc oilfield development.
b. The expansion of the company's seismic operations in Service
Contract 58 to 661 sq km of 3D seismic and 1928km of 2D seismic.
c. The acceleration and increase of a 2D seismic program in
Service Contract 63 to 3165km in the third quarter of 2007.
d. The entry into sub-phase 3 of Service Contract 54, which
carries a well commitment due before February 2009.
ENDS
Also, see YGL (JV partner in the Phillipines)
- Joined
- 12 April 2007
- Posts
- 999
- Reactions
- 0
NDO up 17.778% to 26.5c.
It's partner in the Phillipines is YGL (mentioned previously) is also up over 12%.
I am not drawing any conclusions.
It's partner in the Phillipines is YGL (mentioned previously) is also up over 12%.
I am not drawing any conclusions.
- Joined
- 12 April 2007
- Posts
- 999
- Reactions
- 0
28.5c
Up over 11%
Some large orders going through.
Chart looks good too.
Recent interview
http://www.wallstreetreporter.com/page.php?page=featured&id=26379
ANN. today
Nido Places Shares with Sophisticated Investor in China
Nido Petroleum Limited (Nido) is pleased to announce that it has successfully placed 39.6 million shares at $0.28 per share to a sophisticated investor in China, raising gross proceeds of A$11 million.
With Nido’s seismic programmes in Service Contracts 63, 58 and 54 due to commence in October 2007, Nido’s primary purpose in raising the funds is to prepare for its subsequent exploration drilling campaign, due to commence in the fourth quarter of 2008 in Service Contract 54. In particular, Nido has undertaken to source long lead time items for the drilling operations. Funds will also be used for Nido’s development activities and for general working capital.
Nido’s Managing Director, David Whitby, said, “This fundraising will allow Nido to prepare for its drilling campaign, which is the next step in realizing the value of this world-class exploration acreage. It comes at a time of real growth and optimism in the Company. The placement with a sophisticated investor in China also allows us to further strengthen our strategic ties to Asia, which is where we see the future growth of our Company.”
The shares issued under the placement rank equally with existing shares and fall within Nido’s available share placement capacity for the purposes of ASX Listing Rule 7.1. Nido expects quotation of the shares to take place on 26 September 2007. Following quotation, Nido’s total issued share capital will be 910,359,774 shares.
Up over 11%
Some large orders going through.
Chart looks good too.
Recent interview
http://www.wallstreetreporter.com/page.php?page=featured&id=26379
ANN. today
Nido Places Shares with Sophisticated Investor in China
Nido Petroleum Limited (Nido) is pleased to announce that it has successfully placed 39.6 million shares at $0.28 per share to a sophisticated investor in China, raising gross proceeds of A$11 million.
With Nido’s seismic programmes in Service Contracts 63, 58 and 54 due to commence in October 2007, Nido’s primary purpose in raising the funds is to prepare for its subsequent exploration drilling campaign, due to commence in the fourth quarter of 2008 in Service Contract 54. In particular, Nido has undertaken to source long lead time items for the drilling operations. Funds will also be used for Nido’s development activities and for general working capital.
Nido’s Managing Director, David Whitby, said, “This fundraising will allow Nido to prepare for its drilling campaign, which is the next step in realizing the value of this world-class exploration acreage. It comes at a time of real growth and optimism in the Company. The placement with a sophisticated investor in China also allows us to further strengthen our strategic ties to Asia, which is where we see the future growth of our Company.”
The shares issued under the placement rank equally with existing shares and fall within Nido’s available share placement capacity for the purposes of ASX Listing Rule 7.1. Nido expects quotation of the shares to take place on 26 September 2007. Following quotation, Nido’s total issued share capital will be 910,359,774 shares.
Having a nice day up to 36cents......
Anouncement on Galoc 3 came out today identifying the potential and a progress update. Drill ship arrived and spudding comencing.
I have like NDO for a while now and am happy to hold till at least producton in 2008.
Anyone else a fan???
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Yep, NDO has interest in acreage with big barrel targets already defined by 2d and 3d seismic.Millions of dollars being spent on continued seismic shows they want to know every square inch of the blocks.The Coron North prospect in SC 54 looks the best target for exploration from their seismic shot and estimated oil in place.
Thing is the exploration wells won`t be drilled till late next year.Something to look forward to now is the Galoc development wells Stage 1 which will be a big step forward with cash flowing in come next April (longer than expected i reckon).Over a billion shares diluted shouldn`t be a problem once those bigger targets (that NDO hold larger percentages in) get drilled.25 % interest in the Cool Energy CO2 extraction business could be very profitable.
Good oiler to get ready for imo
