logic says..., page-68

Stocks to watch-

NDO - NIDO PETROLEUM LIMITED

SHARES 1,353,627,921, MC$131M @$0.097 PS;

NDO has significant interest in several exploration assets, namely Service Contracts (SC) 54, 58 and 63, all to the west of Palawan Island. 1P and 2P reserves certified by Gaffney, Cline and Associates (GCA) as 6.8 Mmbbl and 14.7 Mmbbl gross, respectively as at 31 December 2009; NDO have applied the latest seismic and interpretative technology to identify a total of 112 targets with potential unrisked oil in place of some 11.4 billion barrels;

Gindarra offers the largest upside, is the most advanced and de-risked and will be company-making for Nido. Gindara Prospect (SC?\54B) significantly upgraded: unrisked mean oil?\in?\place increased to 1,000 MMBOE in 3 targets; Gindara is scheduled to be drilled in an April to June 2011 window using a rig contracted from Shell.

Shell is amongst the largest and most experienced oil and gas companies in the world. It has had over 96 years of operations in the Philippines and a deep understanding of its oil and gas sector. The Malampaya Project operated by Shell Philippines Exploration B.V. (SPEX) - SPEX drilled five wells to determine the amount of gas available in Malampaya. The findings confirmed the presence of a formidable power source 80 kilometers northwest of Palawan island?Cabout 2.7 trillion cubic feet of natural gas reserves and 85 million barrels of condensate, located some 3,000 meters below sea level.

Gindara lies approximately 50km immediately south of the Shell operated Malampaya gas field in SC38, the largest discovery made in the Philippines to date and currently on production.
Gindara is scheduled to be drilled in an April to June 2011 with unrisked mean oil?\in?\place 1 billion barrel oil, will be drilled by NDO and JV Partner Shell SPEX. With 1 billion barrel oil prospect to be drilled in near term, and Shell??s successful experience in this location, and world-class development experience and access to cutting edge technology, NDO should not be ignore in the near term.
If successful in finding oil /gas, NDO share price can go over 50 cents.

Good luck!