AGM was very interesting for several reasons:
1. Galoc production is expected to be >25,000 bopd.
Don't expect oil flow till end of May though.
2. SC 54 shallow plays look very promising and rig availability is encouraging for 4th quarter drill this year.
3. Farm out tender has been succesful recently by PNOC who have received several expression of interest in SC59 so NIDO are hopeful of a similar outcome.
Would be interested in any one else's opinion who attended the AGM today.
AGM was very interesting for several reasons:1. Galoc production...
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