oil and gas weekly struggling with nido, page-26

Raks and SP3,

The plan with NTO is to undertake the current Petrolia drill program and see where that takes us. Obviously, the results of these drill and any subsequent completion works and production will have a great bearing on when the company has another shot at floating. The plan has always been to float but given the markets lack of interest last time around, we are all keen to ensure that things go right next time around. Even if that means that the next attempt to float might not be at 20c.

BTW the company had its AGM in Melbourne on Saturday and confirmed the two new board members. John is now in Texas and Ian is on his way over there at the end of the month with drilling planned to commence in the first week of June.

Cheers

Badfish