nido petroleum keeping mum on raisama takeover, page-36

AustinNZ,

Now all but confirmed that Lawaan will be the second drill this year.

KIK have indicated that a drill in Q4 will be in SC54A if they get their farmout away in the near future...that deal will take care of KIK being the sticking point for any SC54A drill.

Would make perfect sense for NDO to be talking with RAI re rig mob and demob...lots of dollars to be saved by them paying one each.

Tying Lawaan into the Cadlao FPSO may be an option at a later date and may also be on the discussion table...would result in big savings for both parties.

Pleased to see they intend to run a DST if well successful...could have saved a lot of heartache and money on Tindalo, and taken fear away to proceed on Yakal if they'd done them there.

I'm thinking that the JVP would want to get it into production fairly quickly if it's a discovery...would pour some good dollars into all the coffers and give NDO the working capital firepower to go after their drilling programme.

KIK - Update - SC54A Farmin