MARKET RELEASE 26 October 2010 Nido Petroleum Limited TRADING HALT The securities of Nido Petroleum Limited (the Company) will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Friday, 29 October 2010 or when the announcement is released to the market. Security Code: NDO Nicholas Ong Principal Adviser, Issuers (Perth) ABN 65 086 630 373 Perth Office Registered Office | Aquila Centre Level 3, 1 Preston Street Como WA 6152 | P: +61 8 9474 0000 F: +61 8 9474 0099 | www.nido.com.au Manila Office Unit 38B, 38th Floor, Philamlife Tower, 8767 Paseo de Roxas Street, Makati City 1226, Philippines | P: +63 2 856 5910 F: + 63 2 856 5494 ASX Code: NDO 26 October 2010 Nicholas Ong Adviser, Issuers (Perth) Australian Securities Exchange Limited Level 8, Exchange Plaza 2 The Esplanade PERTH WA 6000 BY EMAIL: [email protected] Dear Nicholas Request for Trading Halt Nido Petroleum Limited (Nido or the Company) requests an immediate trading halt over the Companys shares (ASX Code: NDO). For the purposes of Listing Rule 17.1, Nido provides the following information: The trading halt is necessary as Nido will be making an announcement concerning a capital raising. Nido expects that the trading halt remain in place until the opening of trading on 29 October 2010, unless before that time Nido makes an announcement concerning the abovementioned matters. Nido is not aware of any reason why a trading halt should not be granted. Yours sincerely John Newman Company Secretary
NDO Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
