Price imagePrice imagePrice image

  

  
  

Phone: +61 (8) 9474 0000
Email:
nido@nido.com.au

Level 3/1 Preston Street
Como WA 6152

  

 

“You will notice a milestone with Galoc that was announced to the ASX yesterday – the declaration of commerciality of the field by the Operator, Galoc Production Company (GPC). This validates the work done so far by the consortium and provides us the opportunity to fully develop Galoc if the technical data and oil prices will support the same. We continue to work with the Operator and the rest of our partners to progress the ongoing subsurface work.
 
Another milestone particular to Nido is the fact that we have surpassed the 500thousand barrels of oil production from Galoc net to Nido. We are certainly looking forward to many more barrels of oil! In the meantime, the field continues to produce and cargoes are being lifted for sale within Southeast Asia. The higher oil price environment has been helpful to our cash position especially as we continue to progress work on the Tindalo development.
 
Tindalo is occupying our efforts and energy. We are moving along completing our subsurface and engineering studies and evaluating commercial and production options. Our teams in Perth and Manila are working feverishly to get the appropriate permits and approval in place as well. The winter weather in Perth and the rainy season in Manila are certainly not dampening our spirits in this endeavor."

Jocot de Dios

24 June 2009


  
 2008 Annual Report & Notice of Meeting

  
 ASX Announcements
Galoc Operations UpdateGaloc Operations Update - Thursday, June 25, 2009

Galoc Operations Update

 View...
Galoc UpdateGaloc Update - Tuesday, June 23, 2009

Galoc Update

 View...
Notice of Change of Interests of Substantial HolderNotice of Change of Interests of Substantial Holder - Thursday, May 28, 2009

Form 604 - Notice of Change of Interests of Substantial Holder

 View...
Appendix 3YAppendix 3Y - Friday, May 22, 2009

Appendix 3Y

 View...
Nido Brings Forward 3D SurveyNido Brings Forward 3D Survey - Wednesday, May 20, 2009

on SC 63

 View...
Fond FarewellFond Farewell - Monday, May 18, 2009

to Long-Standing Director

 View...
Nido to PursueNido to Pursue - Friday, May 15, 2009

Tindalo Development Opportunity

 View...
AGM PresentationAGM Presentation - Friday, May 15, 2009

2009

 View...
  

about Nido assets & strategy investors & media photo gallery contact Nido search
Copyright Nido Petroleum 2006 - Website designed by Wikid Creative

  
Price imagePrice imagePrice image   Login