NDO 2.92% 88.0¢ nido education limited

agm 2013 vote pope, page-78

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    Well from a bit of digging the ocean patriot is in Singapore (as we know) having it's 5 year inspection and not due out of there or finished the inspection until early June. After Galoc and option for 1 extra well it goes back to Singapore until April 2014 and then Shell has it in the UK for a fixed 3 year term. Shells day rate is 400K per day , ours is 275K, not bad.
    So won't see that again , but I note that Diamond offshore have a similar rig "ocean general" available from Early Nov 2013 and it's last job is in Indonesia. There's no doubt about it, the rig situation is tight. I hope Nido are keeping up and aware of any opportunities.
 
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