Nido Petroleum Limited (ASX: NDO) (“Nido” or the “Company”) on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited wishes to advise that the Baragatan- 1A well has been drilled to a depth of 988 meters Measured Depth (956 meters TVD sub-sea) where 13 3/8” casing point will be set.
Following the setting of the 13 3/8” casing the well will be drilled to at or around 1,963 meters Measured Depth (1,800 meters TVD sub-sea) where the 9 5/8” casing will be set.
Nido will provide further progress reports to the market at key casing points during the drilling of the well.
NDO Price at posting:
3.3¢ Sentiment: LT Buy Disclosure: Held
