62strat,
I noticed that anny. from KIK and also suspect that as soon as KIK can ink the farmout we should see NIDO confirm our suspicions about the Lawaan well.
I also note that in it's anny. on 29 Feb that NIDO did not deny discussions with RAI. IMO it is now highly likely that NIDO and RAI will share facilities/costs if the Cadlao and Lawaan drill outcomes go to plan. A second source of cash flow would be a huge aid in speeding up the exploration programme.
ANZ
nido petroleum keeping mum on raisama takeover, page-41
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