Investors

Talking Head 08-06-2010

08/06/2010

What an exciting week it has been! Together with our Chairman, Bill Bloking, and our Head of Exploration, Jon Pattillo we were on the road over east all of last week to meet with various investment funds. Needless to say, the Nido story was embraced wholeheartedly. We had a great time explaining the Tindalo story and our string of pearls strategy and an even better time rolling out our 5-well drilling program. It was time very well spent. We look forward to visiting again soon.

We have also announced test results at Tindalo and as the release mentions, this has exceeded our expectations. We are now in an extended well test period and will monitor how the reservoir performs. We are all just pleased that we have been able to bring this into production in so short a time since FID. Special mention and congratulations go to Joanne Williams who arrived over the weekend after seven straight weeks in Manila! With oil flowing in the tank and a proven development concept, we are certainly training our sights to the other targets in SC54A. We will have our hands full for sure for the next few months, but we are just stoked by the momentum. Watch this space.

Perth Office

Address: Aquila Centre
Level 3, 1 Preston Street
Como WA 6152
Australia

Telephone: (+61 8) 9474 0000
Facsimile: (+61 8) 9474 0099

E-mail: reception@nido.com.au

Manila Office

Address: Unit 38B, 38th Floor Philamlife Tower
8767 Paseo de Roxas
Makati City
Philippines 1226

Telephone: 0011 63 2 856 5910
Facsimile: 0011 63 2 856 5494

E-mail: ph-receptionist@nidopetroleum.com.ph