baragatan-1a update

Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) on behalf of SC 63 Joint Venture
partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited wishes to advise that the Baragatan-
1A well has been drilled to a depth of 988 meters Measured Depth (956 meters TVD sub-sea)
where 13 3/8” casing point will be set.

Following the setting of the 13 3/8” casing the well will be drilled to at or around 1,963 meters
Measured Depth (1,800 meters TVD sub-sea) where the 9 5/8” casing will be set.

Nido will provide further progress reports to the market at key casing points during the drilling of the
well.