exciting stage, page-2

The 9 5/8? casing has been successfully run to the casing setting depth of 3,337.6 metres
MD (3,315.6 metres TVDss). The 9 5/8? casing is currently being cemented in-place.
Following completion of casing operations, the 8 ?? hole section will be drilled through the
remaining Lower Pagasa shales and into the Nido Limestone Formation, the primary
reservoir objective in the Gindara-1 well.
Jon Pattillo, Nido?s Head of Exploration commented, ?We are looking forward to drilling
ahead at Gindara-1 following completion of the 9 5/8? casing activities. Drilling operations at
Gindara-1 have gone very well and we have now reached the most exciting stage as we
approach the primary reservoir objective ? the Nido Limestone.
The results from the Coron Clastics secondary reservoir objective do not impact the
hydrocarbon potential of the deeper Nido Limestone, which we look forward to drilling with
keen anticipation over the coming week.?
Subject to any operational delays, Nido anticipates that it will be drilling ahead over the
weekend and will provide a further update to the market when the results from the Nido
Limestone are known.