To truly understand the total contempt that this company has...

To truly understand the total contempt that this company has toward it's shareholders you need to just look at one example.
Take your self back to the June 2012 qrtly.

*"Subject to the outcome of this work, relevant approvals and rig availability,the well is scheduled to be drilled in fourth quarter 2012".
so,, still scheduled for drill in 4th qrt.For a very long time Nido had been telling us they had the money to drill SC63 but no one knew where this money was. Please keep in the back of your mind the cost. Then we get this in August.

"The Joint Venture has been unable to secure a rig on acceptable commercial terms in order
to meet the existing Sub-Phase 2b expiry date. One of the key issues for the Joint Venture
was the high mobilization/demobilization charges quoted to bring a drilling unit into the
Philippines for a one well programme in the latter part of 2012. It has been estimated that
these charges would have added approximately US$6 million to the cost of the well."

Then on the 26th of Nov we get a trading halt announcing a cap raising! This cap raising would of been in the planning for many months. How were they to drill SC63 when they now only have enough money after cap raising to finish phase 2 and a drill at galoc nth with change for some admin at west linipacan. The talk of drill at sc63 last year was without a doubt rubbish. these people need to get over themselves and start being honest with shareholdwers, this is why someone like Michael Pope needs to be on the board.