NIDO
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Eröffnet am: | 18.04.15 06:07 | von: buran | Anzahl Beiträge: | 20 |
Neuester Beitrag: | 25.04.21 02:28 | von: Karinhkmna | Leser gesamt: | 4.039 |
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West Linapacan - Joint Venture
Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) wishes to advise that the Company
has received formal notification from the Department of Energy in the Philippines (“DOE”) that Pitkin
Petroleum Plc’s (“Pitkin”) and RMA West Linapacan Pte Ltd’s (“RMA”) interests in Block C2 of Service
Contract 14 have been terminated.
The DOE has advised the Company that Pitkin’s and RMA’s participating interests in the Joint Venture
have pursuant to the terms of the relevant farmin agreements reverted to the Philodrill Corporation,
Oriental Petroleum & Minerals Corporation, Linapacan Oil Gas & Power Corporation, Forum Energy
Phils. Corporation, Cosco Capital Inc. and PetroEnergy Resources Corporation.
Nido was not a party to these farmin agreements and Nido’s existing 22.279% participating interest
in the project is therefore not altered by the termination notices. Nido remains committed to
progressing a West-Linapacan re-development project and will update the market further if there are
any material developments.
For further information please contact:
Phil Byrne
Managing Director
Nido Petroleum Limited
+61 8 9474 0000
reception@nido.com.au
Media: Luke Forrestal
Account Manager
Cannings Purple
+61 411 479 144
lforrestal@canningspurple.com.au
http://www.nido.com.au/IRM/Company/ShowPage.aspx/...pacanJointVenture
Proposed Share Consolidation
Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) is pleased to announce that it intends
to seek approval for a consolidation of the capital of the Company at the Company’s Annual General
Meeting to be held on 22 May 2015.
The Board has resolved to seek Shareholder approval for a consolidation on the basis that every 50
shares on issue at a date to be determined following the Annual General Meeting will be consolidated
into one share.
Further details in relation to the proposed share consolidation will be provided to the Company’s
Shareholders in the Notice of Annual General Meeting which will be mailed to all Shareholders in
April.
The Company is also considering the possibility of a sale of unmarketable parcels in order to further
streamline the share registry upon the conclusion of the share consolidation.
For further information please contact:
Phil Byrne
Managing Director
Nido Petroleum Limited
+61 8 9474 0000
reception@nido.com.au
Media: Luke Forrestal
Account Manager
Cannings Purple
+61 411 479 144
lforrestal@canningspurple.com.au
http://www.nido.com.au/IRM/Company/ShowPage.aspx/...hareConsolidation
West Linapacan (MMstb) 3.2
http://www.nido.com.au/irm/content/investor-welcome.aspx?RID=171
http://www.nido.com.au/irm/content/company-profile.aspx?RID=172
http://www.nido.com.au/irm/content/company-profile.aspx?RID=172
http://www.nido.com.au/irm/content/company-profile.aspx?RID=172
Nido is well positioned to deliver long-term shareholder value through its highly prospective assets and experienced Board and management team. The strategy to achieve this; is as follows:
Build a high quality balanced portfolio of producing, development and exploration assets in SE Asian focus area;
Priority focus on reserves and production growth to underpin the longer term growth of the Company;
Provide shareholders with exposure to selective, high quality drilling opportunities which are material and able to be funded from cash resources, and
Prudent management of the asset portfolio, and technical and commercial excellence in our decision making.
http://www.nido.com.au/irm/content/company-profile.aspx?RID=172
buran & MARIO https://www.facebook.com/mario.meierhof/
advises that on 13 April 2017 the Deepsea Metro I reached Total Depth of 2,373 metres Measured
Depth RT (2,290 metres TVD RT) having drilled through the Galoc Clastic Unit reservoir of the Galoc
Mid Area. http://www.nido.com.au/irm/PDF/2574_0/DrillingUpdateandResultsGaloc7