some help appreciated.ian/owngoal/trade

hi guys..

seeing you know a lot more about nido than i do.

i have a question if you don't mind..

we've been speaking about the golac agreement recently..

and what might happen if an announcement is made..

whats the go with matinloc..

see below about an agreement being looked at for a j/v.

do you believe this is already factored into the current price.

or hasn't that been accounted as yet..

and if they are successful in finding a farm-in partner, will this have any effect on the share price..

thanks for your help..

regards

Nido (22.486%) and Matinloc (28.283%) Oil Production
Nido is optimistic about increasing production in both the Nido and Matinloc
Oilfields, particularly at the Nido-B Field where it believes there is some 2 million
barrels of oil capable of being recovered over and above the existing estimates of
production.
Nido has acquired various interests in SC-14 and SC-6B from Vaalco Energy Inc.
on a pro-rata basis with its Joint Venture (‘JV’) partners and Philodrill has been
appointed operator of the JV’s.
Negotiations are underway to farm out part of the equity acquired from Vaalco to
a specialised low cost operating company. While it had been expected that an
agreement would be finalised during the second quarter there are a number of
material matters that remain outstanding.