Nido Petroleum to respond to speculation about Philippines oil field re-development Wednesday, June 12, 2013 by Bevis Yeo
Nido Petroleum (ASX: NDO) is preparing a response to media speculation about re-development of its West Linapacan oil field offshore Philippines and has placed its shares into an ASX trading halt.
The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 14th June 2013.
Recent reports had claimed that Philippines liquids (oil and condensate) production was set to rise with – amongst other projects – the expected final investment decision for -developing West Linapacan.
NDO Price at posting:
2.6¢ Sentiment: LT Buy Disclosure: Held
