significant break above 1.8c..., page-4

hi trade..

whilst we'll still call it a high risk speculative share..

a number of statements in the recent quarterly report make good reading..

see below a segment from the report..

i believe in the next 12 months the new senior management and directors will benefit (ndo's) position in the petroleum industry..

at last shareholders may have something to celebrate..

one gets a feeling these guys just might get the house in order..

""""Following the end of the June Quarter Nido announced the appointment of Mr
David Whitby as Managing Director of the company together with the
appointment of Mr Gregor Dixon and Mr James Brown as non-executive
directors.
Mr Whitby brings a wealth of experience in managing oil companies and
producing assets. The board of Nido sees the appointment of Mr Whitby as an
important step in Nido’s progress towards significantly increasing production.
The appointments of Mr Dixon and Mr Brown will also assist Nido in reaching
these goals.
During the coming weeks the new board members will be completing their
assessment of the assets of Nido and will thereafter announce their plans."""

regards