Nido Petroleum Limited advises that the Baragatan-1A well on the 6 July 2014 had reached a depth of 2,681 meters Measured Depth (2,328 meters TVD sub-sea) having drilled through the primary Pagasa Formation reservoir objective. The primary Pagasa Formation reservoir objective was encountered between 2,534 – 2,654 meters Measured Depth (2,209 – 2,305 meters TVD […]
July 7, 2014 | Posted in
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Nido Petroleum Limited has executed the second stage of the SC 63 farm-in process with PNOC-EC. The terms of the farm-in with PNOC-EC are consistent with the original agreement with Dragon Oil PLc. Nido will now retain a net 20% Participating Interest in SC 63 and in exchange for the divestment of the Company’s net […]
May 19, 2014 | Posted in
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Nido Petroleum Philippines Pty Ltd, a subsidiary of Nido Petroleum Limited, as Operator of Service Contract 54, on behalf of the SC 54A and SC 54B Joint Venture Partners, wishes to advise that the Philippines Department of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12) months from 4 August […]
June 22, 2012 | Posted in
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Nido Petroleum Limited announces that Mr. Philip Byrne, Chief Executive Officer, has been appointed to the position of Managing Director with effect from 1 June 2012. Mr. Byrne joined Nido on 29 December 2011 as Chief Operating Officer, and was promoted to Chief Executive Officer on 20 January 2012. He has a Master’s Degree in […]
Nido Petroleum Philippines Pty Limited, a subsidiary of Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of partner the Philippine National Oil Corporation - Exploration Company (‘PNOC-EC’), announces the acquisition of new 2D seismic in SC 58. Key highlights: • Approximately 1,000 line kilometres of new 2D seismic to be […]
January 24, 2012 | Posted in
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Nido Petroleum Philippines Pty Limited , as Operator of Service Contract 54A (‘SC 54A’) and Service Contract 54B (‘SC 54B’), announces the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011. Nido’s partners in SC 54A are Yilgarn Petroleum Philippines Pty Ltd (a wholly owned […]
December 15, 2011 | Posted in
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Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A , on behalf of partners Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy Ltd), Trafigura Ventures III B.V. and TG World Corporation, announces the acquisition of new 2D seismic in SC 54A . Key highlights: • Approximately 70 line kilometres […]
December 1, 2011 | Posted in
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Nido Petroleum Philippines Pty Limited as Operator of Service Contract 54B (SC 54B), announces the commencement of 2D seismic operations in SC 54B. NDO’s partners in SC 54B are Shell Philippines Exploration B.V. and Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy Ltd). The 2D seismic program will comprise approximately 323 […]
November 8, 2011 | Posted in
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