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NIDO PETROLEUM LIMITED

ASX: NDO

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Nido Petroleum Limited is an oil and gas exploration and production company with operations in the Philippines and Indonesia. The Company has an impressive inventory of assets comprising a mix of producing assets, development opportunities and attractive exploration prospects.

Nido's producing assets include the Galoc Oil Field (22.88% interest), Nido A and B Fields (22.49% interest) and Matinloc Field (22.28% interest). Nido is also developing Galoc Phase II (22.88% interest), which aims to extend the strong existing performance of the Galoc Field, and the West Linapacan A and B Oil Fields (22.28% interest).

The Company has also entered into three Production Sharing Contracts in the Penyu and West Natuna basins in Indonesia. Nido will earn a 10% participating interest in the PSCs and has the right to increase its stake to 20% in each.

Mine For

oil, gas

Location of operation(s)

Philippines, Indonesia

Address

Aquila Centre , Level 3 , 1 Preston Street
COMO, WA, AUSTRALIA

Phone

08 9474 0000

Email

Website


Last Updated

17/6/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.