In the AGM,
Bloking states
'actively assessing business development opportunities in South-East Asia to augment the Company’s exploration, development and production assets, and we hope to be in a position to update the market further in the coming weeks'
Byrnes states:
Strategy : Aim is to build multi-basin portfolio in South East Asia
New Ventures: In active discussions over potential opportunity in region with large IOC
And then adds in this later article:
http://www.internationalresourcejournal.com/resource_in_action/june_13/nido_petroleum.html
“The markets will be very supportive of a company that has multiple production streams and a large portfolio in South East Asia. As we grow Nido, I’ll be open to discussions with other companies about consolidations and together building a larger, multi-million-dollar capitalised company.”
What's cookin here? CONSOLIDATIONS?!?! Where was that mentioned in the AGM? Really difficult to get a grip on how this company plans to execute against it's strategy. I'm a strong believer in business sticking to the old adage, 'say what you will do and do what you say'. I can't pretend to know the in's and out's of NIDO's Mgt. I am sure they are quite astute/competent and will eventually succeed...but heck...wouldn't it be great to be taken along for the ride and not left guessing.
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