NDO - Nido Petroleum

[glads262]

two new oilfields??

They are not quite there yet... They need to spend a good $50 million for that - and I don't think they'll have that sort of cash to spend in the next 12-18 months. They will probably take 2-3 years. They are good finds though, and were not priced in by the market when announced.

We'll see if this price rise can stick with a drop in the POO. The sellers seem to have pushed down the last couple of rises towards 12c.

 

[nick2fish]

Correct, but if NDO and partner KIK farm out to a major, then development and production would be attainable in that time frame. If the price holds today that would be an indication to me that something behind the scenes is happening.

 

[S73417H]

Correct, but if NDO and partner KIK farm out to a major, then development and production would be attainable in that time frame. If the price holds today that would be an indication to me that something behind the scenes is happening.

I tend to agree. I think NDO's finds are very attractive to the majors and I wouldn't be surprised if they come to a partnership agreement in the next 3-6 months.

Today, NDO left me with a big smile on my face and I hope the future stretches it bigger and biggger.

 

[jonojpsg]

I tend to agree. I think NDO's finds are very attractive to the majors and I wouldn't be surprised if they come to a partnership agreement in the next 3-6 months.

Today, NDO left me with a big smile on my face and I hope the future stretches it bigger and biggger.

Agreed - I remember a mate of mine put me on to these back in 2004 and they were 4c then. I traded them every now and then but when they released that chart showing their prospects and potential volumes last year with those big three +1bn barrel leads and total of 11bn+ barrels potential I thought I should get on them seriously. Am still accumulating while they're at this level coz I reckon that once a major gets on board and they tackle those leads it will only take one big one to make this a multi-bagger IMO

 

[Lock]

https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=45031260

"Nido Petroleum Ltd. is an Australian oil and gas exploration and production company with a functioning producing arm centered around Nido’s participation in the Galoc Oil Field, which entered production in early October 2008 and has produced over 1MMstb to date. Nido has bright exploration and development indicators for its other service contracts 54, 58 and 63. Revenue is expected to climb over 2009 and remain growing into 2013 as Yakal and Tindalo deposits in Service Contract 54, and eventually another structure of SC54 or another service contract are expected to cycle into revenue generation. Given due diligence and valuation estimations, Arrowhead believes the share price is strongly undervalued and should align in the AUS$ 0.56 to AUS$ 1.27 bracket . Positive 2008 results announced in March 2009 as well as consistent production at Galoc through 2009 should promote Nido’s share price. The price of oil as well as general macro financial factors such as the uncertainty on cuts in Australian interest rates could affect the share price adversely or favorably. "

 

[jonojpsg]

https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=45031260

"Nido Petroleum Ltd. is an Australian oil and gas exploration and production company with a functioning producing arm centered around Nido’s participation in the Galoc Oil Field, which entered production in early October 2008 and has produced over 1MMstb to date. Nido has bright exploration and development indicators for its other service contracts 54, 58 and 63. Revenue is expected to climb over 2009 and remain growing into 2013 as Yakal and Tindalo deposits in Service Contract 54, and eventually another structure of SC54 or another service contract are expected to cycle into revenue generation. Given due diligence and valuation estimations, Arrowhead believes the share price is strongly undervalued and should align in the AUS$ 0.56 to AUS$ 1.27 bracket . Positive 2008 results announced in March 2009 as well as consistent production at Galoc through 2009 should promote Nido’s share price. The price of oil as well as general macro financial factors such as the uncertainty on cuts in Australian interest rates could affect the share price adversely or favorably. "

Nice first post Lock Gotta love price targets like THAT given current SP - makes for a multi-bagger

 

[S73417H]

Good spot. Confirms what most of us on this thread already knew Seems like a great time for another top up

 

[sandybeachs]

mention in patersons market report

no doubt recommendation will improve as markets improve.

from what you read 1) markets have been improving 2) oil price has also been improving.

page 4

https://secure.psl.com.au/library/YMD090505.pdf

 

[sandybeachs]

Palawan Light Oil could be fetching approx US$52bbl

here's the deal..

Palawan Light could be fetching around US$52bbl (Brent US$54bbl).

convert that into AUD$ = AUD$71bbl (excluding taxes etc etc)

Nido's interest in Galoc Oil Field 3190 BOPD X AUD$71bbl (excluding taxes etc etc) = AUD$226K per day (excluding taxes etc etc)

with a stab in the dark NET revenue could be AUD$45bbl X 3190 = AUD$144K per day.

correct me if i'm wrong

 

[sandybeachs]

Re: Palawan Light Oil could be fetching approx US$52bbl

here's the deal..

Palawan Light could be fetching around US$52bbl (Brent US$54bbl).

convert that into AUD$ = AUD$71bbl (excluding taxes etc etc)

Nido's interest in Galoc Oil Field 3190 BOPD X AUD$71bbl (excluding taxes etc etc) = AUD$226K per day (excluding taxes etc etc)

with a stab in the dark NET revenue could be AUD$45bbl X 3190 = AUD$144K per day.

correct me if i'm wrong

Brent up last night currently approx US$56.15bbl..

with approx 3190bopd net Nido's interest, sure adds a few $$$$ into the bottom line.

see below weekly chart 6 months.

 

[monkeymajik]

Bit of a drop from open today after

"Nido Petroleum Limited (Nido) has been advised by the Operator, the Galoc Production Company (GPC), that a category 1 Typhoon Chan-Hom, is passing 300 nautical miles to the north of the field. GPC further advises that production has been temporarily shut-in and preliminary preparations are being made in the event that it becomes necessary to disconnect the FPSO from its mooring."

 

[S73417H]

Time to test out this new fangled hold back mooring system. Hopefully this thing will pass on by.

 

[sandybeachs]

Typhoon Emong (Chan Hom)

Time to test out this new fangled hold back mooring system. Hopefully this thing will pass on by.

i do have some faith that previous problems have been sorted out.

we should see reconnection far more easier than it has been in the past.

"PALAWAN, PHILIPPINES: The Galoc Production Company (GPC) is suspending production at the Galoc field due to category 1 Typhoon Emong (Chan Hom) passing 300 nautical miles (1,666.8 km) to the north of the field."

at least the Typhoon is passing some distance from the actual oil field, they are probably just contending with some rough seas.

http://www.energycurrent.com/index.php?id=2&storyid=17912

 

[S73417H]

I'm curious to see how much down time they have now that they have dropped the gear on the sea floor.

 

[sandybeachs]

I'm curious to see how much down time they have now that they have dropped the gear on the sea floor.

may be we should have a competition "closes to the pin wins".

my guess would be weather permitting starting reconnection taking approx 48 hours..(2 days). so i hope it's back producing by next Wednesday..

 

[S73417H]

I'm going to say late Thursday.

On a side note. The fact that the share price has show resilience even after the disconnect (to me) is a very good sign. People are sticking with NDO.

 

[sandybeachs]

Nido Petroleum puts in another green week

Nido managed another green candle this week.

even with Galoc temp suspended because of bad weather.

seems as though people are thinking markets are on the rise so it's time too re-enter once more.

see below weekly chart 6 months.

 

[sandybeachs]

Nido's jumped out fairly well this morning.

as yet no news regarding Galoc recommencing production.

i've checked around and also haven't any news re above.

fingers crossed markets & oil price keep heading north.

 

[S73417H]

I'd love to known how they reconnect after disconnecting. Is the process fairly simple? Is there some mechanism (i.e. flotation devices or tethers) that allow them to retrieve the riser system from the sea floor with ease? Or do they require divers each time? If anyone with technical knowledge could answer this that would be great.

 

[sandybeachs]

I'd love to known how they reconnect after disconnecting. Is the process fairly simple? Is there some mechanism (i.e. flotation devices or tethers) that allow them to retrieve the riser system from the sea floor with ease? Or do they require divers each time? If anyone with technical knowledge could answer this that would be great.

i've got a vague idea, but i'm waiting for my contact to call me back (just so we get the details right).

in the meantime see diagram