"23 April 2008 Company Announcements
Nido will provide the market with a weekly project summary each Wednesday and will continue to notify the market immediately of material events throughout the Galoc development programme."
the above section is taken from update on the 23/4/08.
we all know that some significant events have taken place since they stopped updates.
IMO they stopped updates because they didn't want to see the share price battered because the oil hadn't started flowing.
i follow many oilers and i don't know of any other company that pulled the plug on updates.
i hope this isn't a situation that may happen with further drilling on other prospects.
i doubt any of the head honchos at Nido read comments made on h/c but if they do "you take the good with the bad with any market condidtions"
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