Nido Petroleum Limited is a Philippine focused oil and gas company with a dominant position in the North West Palawan Basin, Philippines, holding a net acreage position of 14,641km2.  The Basin is a highly prospective address for oil and gas exploration with a history of multiple discoveries.

Nido has an impressive asset base with a mix of currently producing assets and attractive exploration opportunities. A high-impact five well drilling program, announced at the May 2010 AGM, is set to commence in May 2011 with the drilling of the Gindara-1 well in Service Contract 54B. A second well will be drilled in Service Contract 63 late 2011-early 2012. The Company has a 22.28% working interest in the Galoc field (Service Contract 14 C-1) which currently produces about 7,000 bbls of oil per day, gross.

Nido’s strengths lie in the quality of its assets, the expertise of its people and their local knowledge of Philippine geology and the regulatory and business environment.  In addition, the Company operates in an attractive fiscal regime and stable regulatory environment.

Nido’s Joint Venture partners include oil major Shell Philippines Exploration BV and the Philippine National Oil Company Exploration Corp. (PNOC-EC).