Nido Petroleum

Latest Nido Petroleum News

• Nido Petroleum refers to the media speculation linking Nido to a possible transaction with Raisama.

• Nido Petroleum is announced the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011.

• Nido Petroleum Limited is a Philippine focused oil and gas company with a dominant position in the North West Palawan Basin, Philippines.

• PNOC Exploration Corporation announces that detailed pre-planning for the SC 63 commitment well has commenced
• The initial phase of work will focus on fully resourcing the drilling and subsurface teams and implementing pre-planning activities
• Based on the latest drilling project schedule, PNOC EC expects the SC 63 well will be drilled within the window of June to July 2012
• PNOC EC holds a 50% working interest and is the Operator of SC 63. Nido Petroleum Ltd holds the remaining interes

• Galoc joint venture commences Front End Engineering and Design for Phase 2 of the Galoc Oil Field
• Undertaking acquisition of new 3D seismic in October 2011
• Targeting sanction (Final Investment Decision) of Phase II development mid-2012

• Philippines DOE approves 12 month extension to the current Sub-Phase 6 of SC 54
• SC 54A joint venture partners can utilise additional time to fully integrate the results of the 3D reprocessing project
• Twelve month extension provides the SC 54B joint venture with additional time to fully integrate the results of the recently drilled Gindara-1 exploration well

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